$ALGO still looks stuck in a larger bearish structure.


Every rally since the breakdown has been corrective, not impulsive.
The interesting part now:
- Price is holding a key demand zone around $0.10
- RSI keeps printing lower highs despite sideways price
- 200 EMA overhead continues acting as dynamic resistance
- The entire structure still trades below the macro descending trendline
That's usually a sign of weak momentum, not trend reversal.
Until $ALGO reclaims the channel + 200 EMA with strength, this looks more like a relief range inside a broader downtrend.
ALGO9.63%
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