Technical analysis by memedopen about Symbol ALGO: Buy recommendation (12/17/2025)

ALGO has been in a clear downtrend for an extended period, but price is now compressing inside a falling wedge , a pattern that often precedes a bullish reversal. Price is currently testing a major horizontal support zone aligned with previous macro lows. At the same time, price remains below the SMA 40 and EMA 150, confirming that higher-timeframe momentum is still bearish. As long as these moving averages are not reclaimed, caution is warranted. 🔍 Scenarios: Bullish scenario: – Breakout above the falling wedge – Reclaim of the EMA 150 – First targets toward prior range highs Bearish scenario: – Loss of current support – Acceleration to the downside toward lower liquidity zones – Wedge failure → trend continuation This is a key decision area : either a structural trend reversal, or one final flush before a potential bottom forms.