ALGO Breaks Out of Falling Wedge – 400% Target Ahead?

[chainsniff]

ALGOUSDT has consistently followed a bullish pattern on the weekly timeframe. Each major rally has been preceded by a falling wedge breakout, as shown by the three highlighted instances on the chart.

• First breakout: ~200%+ move
• Second breakout: ~300%+ move
• Current breakout projection: Potential target up to +400%

The price has just broken above the wedge and is currently retesting the breakout zone. If history repeats itself, ALGO may be poised for a strong upside move from its current levels.

Cheers
#trading #crypto #coin #BTC #USDT #ALGO

[rafihasan]

The pattern looks very promising. Falling wedge breakouts have led to significant rallies before, so a repeat move here would not be surprising. The retest of the breakout zone will be key to watch for confirmation.

[Nahiar806]

I like the historical perspective here. Seeing two previous breakouts with 200%+ and 300%+ gains gives some confidence that ALGO could deliver again. Still, I’d keep an eye on volume during the retest for clues.

[Maxwell]

If ALGO can hold above the breakout zone, the 400% target is definitely within reach based on past rallies. But as always, managing risk with stop losses is important, especially in volatile markets like crypto.