🔴 $ALGO /USDT – Liquidity Sweep Above 0.1000 Fails, Market Rebalancing in Key Range
ALGO/USDT recently engineered a liquidity sweep above the 24h high at 0.1000, but the move quickly faced rejection, indicating a failed breakout and possible distribution phase. Price is now consolidating around 0.0971, oscillating inside a tight range between 0.0955–0.1000, with intraday structure showing mixed momentum and reduced bullish continuation strength. From a smart money perspective, this looks like a liquidity grab followed by equilibrium, where price is now re-testing the mid-range demand zone. A decisive break below 0.0955 could trigger bearish expansion toward 0.0939–0.0927 (24h low liquidity), while bulls must reclaim 0.0985+ with strong volume to regain control and shift structure back to bullish (BOS confirmation). Overall, volatility compression is building — next impulse move will define the short-term direction.
