Technical analysis by SwallowAcademy about Symbol ALGO: Buy recommendation (8/29/2025)

ALGO has broken below the local support range that has been holding for weeks, and now we’re sitting in a pretty decisive zone. Here’s the setup: •If buyers manage to reclaim the support zone (around $0.24–0.245), then we’ll be looking for a proper bounce to the upside. •If they fail, the bearish CME gap around $0.22 is the next logical target, and that would open the door for another bounce zone for us. For now, we are simply observing whether this is a fakeout/liquidity sweep or a confirmed breakdown. Either way, risk management is key so that's why we have seen multiple entries that we are going to keep an eye on. Swallow Academy