ALGO Soars to 5-Month Peak—Analysts Predict 55% More Fuel in the Tank
ALGO bulls are back in the driver's seat as the token smashes through resistance levels not seen since February. One chart-watcher insists this is just the warm-up—flagging a potential 55% surge ahead.
The breakout play
After months of sideways action, ALGO's chart just printed its most convincing uptrend since winter. Traders are piling in as the token outperforms major peers—proving once again that altcoins wake up faster than Wall Street fund managers after a three-martini lunch.
The roadmap ahead
That 55% projection isn't hopium. It's measured from the current breakout point to the next key resistance level—a move that would send ALGO back to territory last seen during the 2024 bull run. Of course, in crypto, targets are more like suggestions written in disappearing ink.
Whether this rally has legs or just weak hands behind it, one thing's certain: ALGO just reminded everyone why traders keep coming back to altcoins—the gains are faster, the crashes are harder, and the emotional whiplash is unmatched in traditional finance.
ALGO price, 50-day and 100-day SMA chart — July 15 | Source: crypto.news
Simultaneously, momentum indicators like the Relative Strength Index and the MACD were all pointed upwards at press time.
If ALGO breaks through the immediate resistance at $0.32, the next target lies at the 61.8% Fibonacci retracement level of $0.3642.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
