ALGOUSDT - Double Bottom Setup or Bearish Continuation?Algorand / TetherUSBINANCE:ALGOUSDTCryptoNuclearOn the 1W (weekly) timeframe, ALGO/USDT remains in a long-term downtrend structure, forming consistent lower highs and lower lows since the 2025 peak. Price has now returned to the historical demand zone at 0.092 – 0.081, which previously acted as a strong accumulation base and triggered a significant upward impulse. This zone is a crucial level that will determine the medium–long term direction. --- Structure & Pattern Formation 1. Primary Trend: Bearish Market structure continues to form lower highs. Selling pressure has dominated since failing to hold the 0.30–0.35 region. Volume weakens during upward retracements. 2. Re-Test of Major Weekly Support Price has revisited its previous base (2023–2024). The 0.092 – 0.081 area is a major demand zone. Multiple weekly wicks indicate buyer reaction. 3. Potential Pattern If strong rejection occurs: It could form a Double Bottom on the higher timeframe. Or develop into a Base Accumulation Range before reversal. If breakdown occurs: It would confirm a major Break of Structure (BOS). Opening room for further distribution. --- Key Levels Main Support: 0.092 – 0.081 (yellow block – major demand zone) 0.070 (next minor support) 0.058 – 0.050 (breakdown projection targets) Nearest Resistance: 0.120 0.150 0.180 0.220 (previous structural breakdown level) --- Bullish Scenario The bullish scenario becomes valid if: 1. Price holds above 0.081. 2. Strong weekly close above 0.10–0.12. 3. A bullish engulfing or strong rejection candle appears with increasing volume. Potential Targets: 0.120 (first resistance) 0.150 0.180 0.220 (mid-term recovery level) If prolonged accumulation occurs, this area could mark a long-term bottom. Additional confirmation: Break of the last lower high. Volume expansion during breakout. --- Bearish Scenario The bearish scenario activates if: 1. Strong weekly close below 0.081. 2. Clean breakdown without significant rejection wick. 3. Increasing sell volume during the drop. Downside Targets: 0.070 0.058 0.050 (extended breakdown projection) If this area fails, the weekly structure shifts into a long-term bearish continuation, potentially leading to capitulation. --- Conclusion ALGO is currently positioned at a major decision zone. The 0.092 – 0.081 area represents: A historical accumulation zone Multi-touch support A key psychological level The reaction here will determine whether: This becomes a bottoming & reversal phase or The beginning of a new breakdown toward fresh lows Risk management is crucial, as price is sitting at a high-timeframe support. #ALGO #ALGOUSDT #CryptoAnalysis #TechnicalAnalysis #WeeklyChart #SupportResistance #Breakdown #ReversalZone #Altcoin #CryptoTrading #MarketStructure