LONG $ALGO - MA60 SUPPORT HOLD WITH POSITIVE MOMENTUM
Current Price: $0.1213
Signal: Price is holding firmly above MA60 support with positive weekly momentum, showing resilience in the Layer 1/Layer 2 sector for potential upward move.
Entry: 0.1205 - 0.1215
TP1: 0.1250
TP2: 0.1280
TP3: 0.1310
SL: 0.1185 (below MA60 support)
CHART ANALYSIS:
MA60 Support Holding Strong: Price maintaining above MA60 ($0.1202) confirms this as reliable dynamic support level.
Positive Weekly Momentum: +5.39% weekly gain shows sustained buying pressure and trend acceleration.
Layer 1/2 Sector Relevance: As a Layer 1 project, ALGO benefits from blockchain development and ecosystem growth.
Multi-Timeframe Strength: Positive daily and weekly returns align for continued upward potential.
Technical Structure: Holding above key moving average with positive momentum suggests accumulation phase.
#ALGO #Long #SupportHold #Layer1 #Bukharitechtips
