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I can see on coin shows a breakdown from an ascending channel, indicating potential further downside ?. ALGO has broken below the rising channel
The technical analysis for ALGO/USDT is bearish with the following key levels:
Entry Price: 0.2780 or Market Price
1st TP ? at $ 0.2726
2nd TP ? at $ 0.2705
3rd TP ? at $ 0.2669
The candlestick chart for ALGO/USDT shows a downtrend within a falling wedge. The price is approaching a major support zone at the trendline, indicating a potential reversal or further downside if broken. The technical analysis suggests a short trade with entry at 0.2780 or market price and targets at 0.2726, 0.2705, and 0.2669.
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