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$ALGO Scalp Alert: Oversold Reversal in Play!
Algorand is flashing a major buy signal! After a period of cooling off, we are seeing a textbook oversold reversal combined with a massive surge in ecosystem momentum. With the recent expansion of Brale’s stablecoin infrastructure and the 2026 roadmap rollout, the bulls are back in town.
🔍 Technical Edge
Indicators: StochRSI is curling up sharply from the oversold zone (32 → 50), while RSI remains healthy with plenty of "room to run" above 75.
Price Action:
$ALGO is bouncing perfectly off the lower Bollinger Band, with the 0.1308 – 0.1360 support zone holding like a fortress.
Volume: A massive 112M ALGO volume spike confirms institutional interest and buyer exhaustion for the bears.
⚡ The Scalp Setup (Long)
Entry Zone: 0.1370 – 0.1385
Target 1: 0.1420 🎯 (+3.5%)
Target 2: 0.1460 🚀 (+6.5%)
Stop-Loss: 0.1330 (Below support)
Leverage: x10 – x25 (Manage your risk!)
Fundamental Catalyst: Algorand's transition to fully automated xGov on-chain governance and the upcoming Rocca Wallet launch are fueling 90%+ bullish sentiment. The ecosystem is heating up—don't miss the rip!
Nabiha Noor
Spotting the trends before they go viral.
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