Price is hovering in the demand zone while the 50MA keeps rejecting upside attempts. This setup usually leads to an explosive move. I’m seeing potential for a rebound if buyers defend this level properly. Failure to hold demand could drag ALGO lower. Next candles will tell the story.$ALGO #GateCEO2025YearEndOpenLetter
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$ALGO USDT ANALYSIS
Price is hovering in the demand zone while the 50MA keeps rejecting upside attempts. This setup usually leads to an explosive move. I’m seeing potential for a rebound if buyers defend this level properly.
Failure to hold demand could drag ALGO lower. Next candles will tell the story.$ALGO #GateCEO2025YearEndOpenLetter