A relatively clean cup and handle has formed as ALGO tries to push through its previous ATH resistance zone.
Additionally, it appears that ALGO is trending in an ascending triangle converging to a potential breakout to the upside.
With BTC pushing up above 59k recently, this could help push ALGO over the top, resulting in a price jump similar to what happened a couple months prior.
Target 1: $1.90
Target 2: $2.50
Additionally, it appears that ALGO is trending in an ascending triangle converging to a potential breakout to the upside.
With BTC pushing up above 59k recently, this could help push ALGO over the top, resulting in a price jump similar to what happened a couple months prior.
Target 1: $1.90
Target 2: $2.50