Triangle Breakout Marks Grand Bullish in Algorand Prices!ALGO price breaks out of descending triangle, signaling a bullish trend.
Prices rise by 3.29% in the last 24 hours, aiming to challenge 50-day EMA.
Bullish launchpad projected, potential target at $0.1414.
ALGO down 96.62% from all-time high, but finds solid support at $0.10.
Triangle breakout supported by morning star pattern and increased trading volume.
Technical indicators maintain a bullish outlook, RSI and stochastic RSI showing uptrend.
Bullish momentum may continue throughout the week, facing resistance at $0.1225 and $0.1414.
Retest phase possible with early reversal.