Technical analysis by CryptoAnalystSignal about Symbol ALGO: Buy recommendation (1/28/2025)

#ALGOThe price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it strongly upwardsWe have a bounce from the lower limit of the descending channel, this support is at a price of 0.3500We have a downtrend on the RSI indicator that is about to be broken, which supports the riseWe have a trend to stabilize above the moving average 100Entry price 0.3533First target 0.4080Second target 0.4381Third target 0.4753