Technical analysis by vf_investment about Symbol ALGO: Buy recommendation (7/9/2025)

This chart of ALGO/USDT presents one of the cleanest and most promising bottom formations in the entire altcoin market. 🔍 Technical Highlights Clear Rounded Bottoms: ALGO has formed multiple rounded bottoms over a long accumulation period, signaling strong base building and exhaustion of sellers. Descending Wedge Breakout: A breakout from the falling wedge pattern has occurred, further validating the bullish reversal. RSI Divergence: On the RSI, we see a bullish divergence, suggesting momentum is shifting to the upside. 📈 Market Outlook ALGO looks ready to begin a parabolic move, breaking out from months of consolidation. This setup combines long-term support, bullish structure, and momentum reversal. Based on this structure and previous behavior, we expect a powerful move over the next 1–2 months. 🎯 Targets First target: $0.6773 — long-term trendline resistance. Final target: $0.8138 — previous key resistance zone and measured move potential. 🛡️ Conclusion This is a high-potential setup that stands out in the current altcoin landscape. The structure, volume compression, and technical signals strongly suggest ALGO is preparing for a major breakout. If the move plays out as expected, we could see the price reach both targets within the next 60 days. One to watch very closely!ALGO with a bullish momentum may reach 0,80 sooner than we think. I'm very bullish on this project