2026-01-11 13:23:53

ALGO is showing signs of life after hitting support at the lower boundary of its descending triangle pattern on the 3-day timeframe. The setup looks interesting here.

If the bulls can hold this level and push through resistance, we're eyeing a move toward $0.50 as a potential target. That would represent a meaningful bounce from current levels.

Keep an eye on ALGO/USDT for any breakout opportunities. The technicals are shaping up, and momentum could shift if volume picks up and key levels hold.

ALGO1,47%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

11 Likes

Reward
11
7
Repost
Share

Comment

0/400

StableGenius

· 18h ago

lol okay so let me explain why this descending triangle copium is exactly what we saw with every other L1 before they dumped harder... $0.50 target, sure, *if* volume magically appears and bears don't just keep shorting into resistance like they've been doing for months. empirically speaking, ALGO holders have heard this song before

Reply0

FlashLoanLarry

· 19h ago

ALGO is starting to shake things up again. Whether it can really break out this time remains a question.

View OriginalReply0

TradingNightmare

· 21h ago

ALGO is struggling there again, feels like the same routine every time... Can 0.50 hold steady? I'm skeptical.

View OriginalReply0

ApeWithAPlan

· 01-11 13:50

Is ALGO back up again? The last time I checked this coin was already half a year ago...

View OriginalReply0

MetaverseHomeless

· 01-11 13:43

Is algo really going to turn around this time? I've seen many breakdowns of descending triangles, but the key is whether the trading volume can keep up.

View OriginalReply0

MidnightSnapHunter

· 01-11 13:42

The support level for this wave of ALGO is indeed good, but the 0.5 target still seems a bit uncertain... It depends on whether the trading volume can be strong enough.

View OriginalReply0

LiquidatedTwice