$ALGO is trading around 0.1127 after a sharp pullback from the spike to 0.1340 that has erased much of the recent gains. The 8-hour chart shows price now approaching the confluence of the horizontal support zone around 0.1120 and the ascending trendline from late April lows, creating a critical area where buyers need to step in to maintain the broader bullish structure.

As long as this confluence around 0.1120 holds on closes, recovery toward 0.1200 to 0.1260 remains viable. A break below however would signal the trendline has been lost and put the 0.1060 to 0.1080 zone at risk. The current test of this key support is the most important level to watch in the near term.

ALGO
ALGOUSDT
0.1067
-3.00%

$OSMO

OSMO
OSMO
0.0677
-4.78%

$STORJ

STORJ
STORJUSDT
0.1103
-8.38%

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