ALGO Breaks Out of Falling Wedge – 400% Target Ahead?

27 июл.

ALGOUSDT has consistently followed a bullish pattern on the weekly timeframe. Each major rally has been preceded by a falling wedge breakout, as shown by the three highlighted instances on the chart.

- First breakout: ~200%+ move
- Second breakout: ~300%+ move
- Current breakout projection: Potential target up to +400%

The price has just broken above the wedge and is currently retesting the breakout zone. If history repeats itself, ALGO may be poised for a strong upside move from its current levels.

Cheers
Hexa🧘‍♀️

ALGOUSD ALGO

28 июл.

Сделка активна

ALGOUSDT recently bounced from the lower trendline of the ascending broadening wedge, supported by increasing volume. If ALGO holds above the $0.26 breakout zone, we could see a continuation toward the upper resistance of the wedge