$ALGO Yesterday, at this moment, it was about 0.117; now it’s near 0.131, up roughly 12% for the day. After the hourly chart saw a volume surge and a push up, the pullback has not yet lost 0.129, so in the short term it still leans bullish.
Support to watch: 0.129—0.130
Resistance overhead: 0.132—0.1334
This is a newly formed high-level consolidation zone, and we’ll still look for continued follow-through in terms of support. If the hourly close falls below 0.129, the bullish call will be invalidated and it’s considered more bullish only if it can reclaim; once it holds above 0.1334, then reassess whether the move can continue.
Support to watch: 0.129—0.130
Resistance overhead: 0.132—0.1334
This is a newly formed high-level consolidation zone, and we’ll still look for continued follow-through in terms of support. If the hourly close falls below 0.129, the bullish call will be invalidated and it’s considered more bullish only if it can reclaim; once it holds above 0.1334, then reassess whether the move can continue.
