cryptoknowmics.com
The local lows of the ALGO cryptocurrency from May 2021 are again under attack. Sellers are trying to update this low to continue the fall wave. However, looking at the last weekly candle, buyers are ready to organize a rebound with the first target of $1.3. Unfortunately, it is too early to talk about the great strength of buyers and a good prospect of growth above $1.3. The fact is that the ALGO price broke the global trend line, which buyers have held since March 2020. The breakthrough occurred at low volumes and no particular aggression from sellers was detected. 
https://www.tradingview.com/x/eGADhGkh/ Only after the $1.3 test and the $0.95 retest can the continuation of the local growth wave be predicted. However, this growth will be formed below the trend line, which will indicate the approaching global fall wave. The main range from which we expect the formation of a powerful fall wave is the mark of $1.8. It is on this note that you should think about fixing some of your positions. In the case of our scenario, the global fall target is $0.45.
Technical Analysis Of ALGO On The Daily Timeframe
https://www.tradingview.com/x/9jkMKN6q/ Analyzing the price movement of ALGO on the daily timeframe, we see that buyers have not yet proven their strength. Buyers need to test $1.1 to start local dominance in the ALGO market. But, the second condition is to keep the $0.9 mark. If the local fall wave to the mark of $0.9 will be at low volumes - this will be a good signal to buy the ALGO cryptocurrency with the first target of $1.3. In case you lose control of the $0.9 mark, be prepared to update the low and fall $0.45.
ALGOBTC Price Prepares For A 30% Fall Impulse
https://www.tradingview.com/x/9InII4rT/ The situation on the ALGOBTC market does not look positive at all. The weekly timeframe shows that the trading week on 14 February passed without any hints of buyers ready to turn around. The small candle closed in low volumes. Therefore, the continuation of the downward trend with the final target near 0.00001480 is still our main scenario. How can we expect a positive situation in the ALGO market? Only in the case of the active phase of BTC price growth, the ALGO price paired with USDT has a great chance to hold on. But, investing in this cryptocurrency is now quite risky.