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The big players are definitely watching $ALGO right now for a reason.
Looking at the daily chart we are finally seeing a bit of life after that long painful slide from the twelve cents area. It seems like it found some solid ground around zero point zero eight and now it is trying to push back up.
Price action is currently testing on local resistance level. If we can flip zero point zero nine into support then we might actually have a shot at testing zero point one zero again soon.
Volume is looking a bit better than previous weeks but we need more conviction from the buyers to really break this downtrend. If it fails here we could just go back to ranging between zero point zero eight and zero point zero nine for a while longer.
Staying patient and watching the candle close.
#AnthropicSuesUSDefenseDepartment