💎 The Layer-1 whale secret.. A technical breakout for ALGO that flips the scales! 💎 What's happening now? Coin $ALGO is showing a smart bounce with unexpected liquidity entering the spot order book. Technical analysis indicates a breakout from a descending channel that lasted for weeks, closing with an excellent 4-hour candlestick. Whales are fiercely defending the current support levels to prevent a break in the bullish trend. 📈 Target movement chart: || . . . . . . . . . . 📈 [Target Resistance: $0.1850]| . . . . . _ _ _ ↗️| _ _ _ _ / [Current Price: $0.1380]| 🟩 🟩 [Immediate Support: $0.1220]| 🟥 🟩 🟥 [Strong Key Support: $0.1050]|____________________🎯 Technical numbers specified for the setup: First Support (S1): $0.1220 Key Support (S2): $0.1050 First Resistance (R1): $0.1550 Target Resistance (R2): $0.1850
Question: Is the success of $ALGO in holding the $0.1220 support enough to push it through the $0.1550 resistance and take off? Drop your technical insights in the comments! 👇#ALGO #Algorand #Layer1 #CryptoAnalysis
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Question: Is the success of $ALGO in holding the $0.1220 support enough to push it through the $0.1550 resistance and take off? Drop your technical insights in the comments! 👇#ALGO #Algorand #Layer1 #CryptoAnalysis
🔶 Don't forget to hit the (Like) button and follow for more updates.