ALGO Breaks Out of Falling Wedge – 400% Target Ahead?
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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Hexa🧘♀️
ALGOUSD 
ALGOTrade active
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
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🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.