ALGO/USDT: Potential Holiday Price ActionBINANCE:ALGOUSDT
Over the next two weeks, ALGO/USDT sits in a broad range after recovering from its ~0.28 low. On the upside, it faces resistance near 0.40–0.45, where previous selling pressure emerged. If buyers maintain momentum through the holiday season, price could challenge these higher levels. However, thin holiday liquidity and quick sentiment shifts could cause price swings in either direction. A pullback to the mid‐0.30s or even a retest of recent support around 0.32 remains possible if trading volume dries up or if market sentiment weakens.
During Christmas and New Year, cryptocurrencies sometimes see reduced trading activity, which may lead to sporadic volatility. If year‐end optimism drives additional buying, ALGO could gradually edge higher. Conversely, a lack of participation or profit‐taking near year’s end could weigh on price. I personally will keep watch on daily closes around key pivot zones (like 0.35 or 0.40) can help gauge if ALGO’s trend is shifting. As always, it is wise to stay alert for sudden spikes and potential breakouts when trading activity resumes in full force after the holidays.
