It looks like ALGO might finally be waking up. After weeks of grinding lower, a fresh technical signal has popped up that could mean the worst is behind it.
The TD Sequential indicator, which perfectly nailed the last local top, has now flipped bullish and printed a buy signal on ALGO’s 4-day chart.
Analyst Ali Martinez shared the setup, pointing out that this exact indicator called the last major correction before it even started. Now, it’s showing a green “1,” which historically appears right before price reversals.
Every time this signal showed up for ALGO in the past, it kicked off rallies between 15% and 40%. That’s why traders are starting to show interest again.
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ALGO Price Might Be Forming A Familiar Pattern
Another analyst, Lucky Luciano, spotted something interesting too. His chart shows that ALGO price has spent most of this year repeating the same pattern, falling wedges followed by strong breakouts.
Each time the token dropped into its historical demand zone, it consolidated, built a base, and then exploded upward.
Right now, ALGO price is once again sitting around $0.18, the same zone where previous reversals started.
Luciano highlighted that the setup looks almost identical to the ones that led to rallies earlier this year. If that pattern holds, ALGO could be preparing for another move toward $0.30-$0.35, and possibly even higher up to $0.60 if the market gets a broader bullish push.
The Indicators Are Lining Up for Algorand
The momentum indicators are also showing signs of improvement. The RSI has been sitting near oversold territory, around 35, which often signals that selling pressure is cooling off.
The MACD lines are already flattening out, also hinting at a potential bullish crossover soon, that’s another encouraging sign.
The first resistance to watch is in the $0.20-$0.22 range, where a cluster of moving averages could slow things down.
If ALGO price breaks above that, it would confirm a real trend shift. On the flip side, $0.17 is the level to hold, if price drops below that, the bullish setup might get invalidated.
Could This Be the Start of ALGO’s Next Wave?
Both Ali’s TD Sequential signal and Luciano’s wedge pattern indicate that ALGO might be gearing up for something bigger.
It’s still early, and traders will want to see volume pick up before calling it a full reversal. But the pieces are starting to line up.
If the breakout confirms, ALGO price could climb anywhere from 50% to 100% in the coming months. It’s a setup that’s getting harder to ignore, and if history rhymes again, Algorand could soon be aiming for that new wave everyone’s been waiting for.
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