Technical analysis for ALGO/USDT (Algorand)

184
📊 Technical Analysis – Weekly Chart
Current Price: $0.2202
Exchange: Binance
Chart Type: Weekly
Volume Spike: 211.47M
Recent Gain: +24.41%

First Resistance/Target Zone:

$0.50 – $0.70

Previous support in 2021–2022, now acting as resistance.

Price will likely face heavy selling here if reached quickly.

Second Resistance/Target Zone:

$1.50 – $1.85

Major historical supply zone.

This is the macro breakout target if the bullish reversal confirms and BTC leads a broad altcoin rally.
Buy Zone $0.20–$0.24
SL (Hard) $0.145
TP1 $0.50
TP2 $0.70
TP3 $1.50–$1.80

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