HTF Structure Approaches a Critical Trigger Zone
Algorand price begins with the higher-timeframe setup shared by Swiss (@swisstrader09), which outlines a clear structure developing beneath a key resistance cluster. Price continues to press against the descending trendline and the orange decision zone that has limited upside progress for months.
Recent movement shows ALGO attempting to form a deviation below support, with a long wick signaling possible seller exhaustion. The asset must reclaim the orange zone with strength to validate this early sign. A confirmed deviation paired with sustained demand would shift the HTF trajectory.
The trendline remains the second major barrier. Every rally since mid-2025 stalled at this diagonal. A strong close above both levels would form the confluence needed for HTF momentum to turn constructive. Until such confirmation appears, this area is treated as a no-trade zone.
Short-Term Chart Shows Gradual Stabilization Near Support
ALGO trades around $0.1330 as of writing, after a steady sequence of lower highs and lows within a controlled intraday downtrend. The market continues to hover above $0.13, which has acted as short-term demand across several sessions. Price early in the period touched $0.135 but quickly retraced.
Volume has fallen by about 13% over the last day, suggesting reduced selling urgency. This quieter structure shows orderly movement rather than forced liquidation. Traders observe whether this moderation supports a measured rebound or remains part of a slow continuation.
The $0.14 resistance level remains the central marker for short-term momentum. All recent rallies have met pressure near this zone. A clean break and close above it may open the way toward the $0.15–$0.18 region, where earlier liquidity pockets could produce expanded movement.
Market Conditions Tighten as Confirmation Levels Remain Unmet
Price compression near HTF support shows the market reaching a potential transition point, but confirmation is still lacking. A loss of $0.13 may expose ALGO to the $0.12 region, though reduced volume means any breakdown must hold expanding sell pressure to avoid another deviation.
The broader context shared in the original analysis notes that several prior fakeouts make patience essential. Momentum remains indecisive as long as price sits between trendline resistance and the key horizontal level within the orange zone.
Fundamental activity continues around the network, including ecosystem partnerships and tokenization initiatives. However, current trading behavior shows that technical confirmation is still required before these developments influence price direction. For now, the market waits for a decisive reclaim of major resistance.