ALGO is popping off, jumping 25% in 24 hours and hitting $0.37 after a wild 205% monthly rally. Breaking past its $0.28 resistance, it’s got the vibe of a comeback king with bullish RSI and MACD signals. With Bitcoin nearing $100K, ALGO’s next stop might just be $0.75.
ALGO is stealing every spotlight, surging 25% in the past day to hit $0.37, its highest price this year. It’s been a wild ride tbh—just last August, ALGOdid hit rock bottom however, at $0.094, a 96% drop from its all-time high of $2.99 which was about 3 years ago. But now things are looking spicy as ALGO’s pulling a full complete 180, flexing a massive 205% gain this month.
So, one may wonder what’s behind this immense glow up? Well, first off, ALGO absolutely broke through the $0.28 resistance, a wall it’s been stuck behind since 2 years ago. This breakout is a big deal, showing off serious market confidence. Pair that with its double-bottom pattern (fancy chart talk for “things are looking good”) and four straight bullish weeks, and you’ve got a token that’s turning heads.
Even the techy signals are hyped.Given that the MACD is in the green and the RSI is over 50, ALGO may continue to rise. Plus, community excitement is also stoking the already raging flames as their ALGO Foundation India Summit approaches.
Not to mention the wider picture: Bitcoin is causing a stir about $100,000 and boosting the entire cryptocurrency sector. ALGO may soon be aiming for $0.55, and possibly even $0.75, if this bullish trend continues.
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