🚨 $ALGO /USDT BREAKDOWN ALERT — Bears Control Below $0.1210!
$ALGO /USDT is flashing a strong bearish continuation structure on the 1H chart, with a clear sequence of lower highs and lower lows after rejection from the $0.1342 swing high. Price has aggressively broken below the key $0.1210 support and swept down to the $0.1183 intraday low, while trading around $0.1199 and down 5.44%. The technical focus is now on $0.1210–$0.1245 as the immediate resistance/retest zone—a weak bounce followed by rejection could attract fresh short momentum toward $0.1183 and $0.1175, while a decisive breakdown below $0.1175 would strengthen the bearish continuation signal. On the flip side, bulls need to reclaim and hold above $0.1210 first, with $0.1245 and $0.1280 becoming the next recovery targets. With bearish market structure, support breakdown, expanding downside momentum and 3.84M USDT 24H volume, this is a chart Binance traders should keep on the radar—but wait for breakdown/retest confirmation rather than chasing the dump, and keep a tight invalidation above the rejection zone.
#ALGO
$ALGO /USDT is flashing a strong bearish continuation structure on the 1H chart, with a clear sequence of lower highs and lower lows after rejection from the $0.1342 swing high. Price has aggressively broken below the key $0.1210 support and swept down to the $0.1183 intraday low, while trading around $0.1199 and down 5.44%. The technical focus is now on $0.1210–$0.1245 as the immediate resistance/retest zone—a weak bounce followed by rejection could attract fresh short momentum toward $0.1183 and $0.1175, while a decisive breakdown below $0.1175 would strengthen the bearish continuation signal. On the flip side, bulls need to reclaim and hold above $0.1210 first, with $0.1245 and $0.1280 becoming the next recovery targets. With bearish market structure, support breakdown, expanding downside momentum and 3.84M USDT 24H volume, this is a chart Binance traders should keep on the radar—but wait for breakdown/retest confirmation rather than chasing the dump, and keep a tight invalidation above the rejection zone.
#ALGO
