🚀 $ALGO / USDT | Are we approaching a turning point? 🚀
Algorand (ALGO) is back in the spotlight after a long decline, and the current price near $0.115 puts it at historically sensitive areas that could be a smart accumulation point for patient investors.
📊 Why is ALGO under observation?
A strong project and technically one of the oldest Layer-1 networks
The price is approaching the lower limit of the Bollinger Bands indicator
The downward momentum has started to weaken compared to previous waves
Any improvement in the market could push the coin for a sudden rebound
🎯 Positive scenario:
Stability above $0.113 could pave the way for a rebound movement towards $0.11 – $0.13 in the short term.
⚠️ Very important warning:
The price is still in a clear downward trend, and breaking the $0.115 level could open the door for a deeper decline.
Do not enter with your entire capital, do not trade without a stop loss, and avoid emotional impulses.
📌 Summary:
ALGO is a potential opportunity… but it is not safe yet. The smart decision is good risk management.
