$ALGO Breakout Loading After Months of Pain

ALGO is setting up for a potential breakout after months of bleed.
The downtrend has held since early May, but now signs of compression, accumulation, and structural shift are emerging.

After bottoming near $0.153, ALGO formed a bullish structure just below the major trendline resistance and is holding firm above the key $0.17 support. This zone has acted as a battleground with buyers stepping in every time price dips into it.

We now see a clear accumulation range developing below resistance at $0.1874–$0.19. A breakout and retest of this level could confirm trend reversal and trigger a move toward $0.213 and higher.

Invalidation: Close below $0.17
Key Breakout Levels: $0.1874 – $0.19
Target Zones: $0.213 – $0.2535

ALGO has been ignored for months but the technicals are aligning. If this structure plays out, we could witness a mid-term trend flip fueled by the energy built up in this rang