ALGO rallies 72% in six weeks, reclaims 20-week moving average
- —ALGO gained 16% on the day as volume surged 204%
- —Open interest in ALGO rose 43%
- —The token is up 72% over six weeks
- —A weekly close above $0.1456 would target $0.336
Why it matters: A break above $0.1456 would confirm a trend reversal and open the way to the July high of $0.336; otherwise a pullback to $0.108 is likely.
Source: AMBCrypto