ALGO Breaks Out of Falling Wedge – 400% Target Ahead?

27 Tem

ALGOUSDT has consistently followed a bullish pattern on the weekly timeframe. Each major rally has been preceded by a falling wedge breakout, as shown by the three highlighted instances on the chart.

- First breakout: ~200%+ move
- Second breakout: ~300%+ move
- Current breakout projection: Potential target up to +400%

The price has just broken above the wedge and is currently retesting the breakout zone. If history repeats itself, ALGO may be poised for a strong upside move from its current levels.

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ALGOUSD ALGO

28 Tem

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ALGOUSDT recently bounced from the lower trendline of the ascending broadening wedge, supported by increasing volume. If ALGO holds above the $0.26 breakout zone, we could see a continuation toward the upper resistance of the wedge