On the weekly timeframe, ALGO/USDT continues to trade within a long-term bearish market structure, defined by a sequence of lower highs and lower lows. Price is currently declining toward a key historical demand zone, highlighted by the yellow box between 0.1075 and 0.0850.
This area has historically served as a strong accumulation zone, where selling pressure was absorbed and followed by notable price reversals.
---
Pattern & Market Structure
From a technical perspective, ALGO shows:
A well-defined descending trend structure
Multiple failed attempts to reclaim major resistance levels:
0.50
0.285
0.235
0.160
Recent price action indicates bearish momentum is slowing as price compresses into a high-probability demand area
This setup often reflects a late-stage downtrend, where accumulation may begin.
---
Key Levels
Major Support (Demand Zone):
0.1075 – 0.0850 → Weekly demand & accumulation zone
Resistance Levels:
0.1600 → First key resistance
0.2350 → Structural resistance
0.2850 → Mid-range resistance
0.4000 – 0.5000 → Major resistance and trend reversal confirmation zone
---
Bullish Scenario
The bullish case remains valid if price respects and holds the demand zone:
1. Strong weekly rejection candles or long lower wicks from the zone
2. Formation of higher lows on lower timeframes
3. A confirmed weekly close above 0.1600
If confirmed, upside potential includes:
0.235 as the first target
0.285 as the second target
0.40 – 0.50 as an extended bullish target
This would signal the early phase of accumulation and a potential trend reversal.
---
Bearish Scenario
The bearish continuation scenario becomes dominant if:
1. Price breaks and closes below 0.0850 on a weekly basis
2. The demand zone fails to absorb selling pressure
3. No meaningful bullish reaction occurs
In this case:
The long-term downtrend remains intact
Price may seek lower liquidity zones around 0.070 – 0.060
The historical accumulation zone becomes invalidated
---
Conclusion
ALGO is currently trading at a critical long-term decision level.
The 0.1075 – 0.0850 zone represents a major inflection point:
Holding above it → accumulation and reversal potential
Breaking below it → continuation of the macro bearish trend
Patience and confirmation are essential at this stage.
---
#ALGOUSDT #Algorand #CryptoAnalysis #WeeklyChart
#DemandZone #AccumulationZone #PriceAction
#MarketStructure #AltcoinAnalysis
This area has historically served as a strong accumulation zone, where selling pressure was absorbed and followed by notable price reversals.
---
Pattern & Market Structure
From a technical perspective, ALGO shows:
A well-defined descending trend structure
Multiple failed attempts to reclaim major resistance levels:
0.50
0.285
0.235
0.160
Recent price action indicates bearish momentum is slowing as price compresses into a high-probability demand area
This setup often reflects a late-stage downtrend, where accumulation may begin.
---
Key Levels
Major Support (Demand Zone):
0.1075 – 0.0850 → Weekly demand & accumulation zone
Resistance Levels:
0.1600 → First key resistance
0.2350 → Structural resistance
0.2850 → Mid-range resistance
0.4000 – 0.5000 → Major resistance and trend reversal confirmation zone
---
Bullish Scenario
The bullish case remains valid if price respects and holds the demand zone:
1. Strong weekly rejection candles or long lower wicks from the zone
2. Formation of higher lows on lower timeframes
3. A confirmed weekly close above 0.1600
If confirmed, upside potential includes:
0.235 as the first target
0.285 as the second target
0.40 – 0.50 as an extended bullish target
This would signal the early phase of accumulation and a potential trend reversal.
---
Bearish Scenario
The bearish continuation scenario becomes dominant if:
1. Price breaks and closes below 0.0850 on a weekly basis
2. The demand zone fails to absorb selling pressure
3. No meaningful bullish reaction occurs
In this case:
The long-term downtrend remains intact
Price may seek lower liquidity zones around 0.070 – 0.060
The historical accumulation zone becomes invalidated
---
Conclusion
ALGO is currently trading at a critical long-term decision level.
The 0.1075 – 0.0850 zone represents a major inflection point:
Holding above it → accumulation and reversal potential
Breaking below it → continuation of the macro bearish trend
Patience and confirmation are essential at this stage.
---
#ALGOUSDT #Algorand #CryptoAnalysis #WeeklyChart
#DemandZone #AccumulationZone #PriceAction
#MarketStructure #AltcoinAnalysis
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✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
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✅ Benefits : Lifetime Trading Fee Discount -50%
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.