$ALGO is trading within the horizontal demand zone of the descending triangle pattern. The 50MA is acting as a resistance barrier. A rebound from the demand zone is possible. However, a breakdown of the pattern could trigger further downside. Keep an eye on upcoming price action developments. #crypto
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$ALGO is trading within the horizontal demand zone of the descending triangle pattern. The 50MA is acting as a resistance barrier. A rebound from the demand zone is possible. However, a breakdown of the pattern could trigger further downside. Keep an eye on upcoming price action developments. #crypto