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
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.