ALGO 6H – Rising Trendline Compression Below Resistance

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ALGO 6H – Rising Trendline Compression Below ResistanceAlgorand / TetherUSBINANCE:ALGOUSDTBKVIPAlgorand is trading in a clear ascending structure on the 6H timeframe, printing consistent higher lows along a well-respected rising trendline. Each pullback into trendline support has been absorbed, leading to gradual upward expansion. Now price is consolidating just below the 0.095–0.096 resistance zone after multiple pushes higher. This is compression at highs. Structure Context: • Clean sequence of higher lows • Trendline respected across multiple reactions • Price holding above prior higher-low structure • Consolidation directly beneath resistance As long as ALGO holds above the rising trendline and maintains higher lows above the 0.090–0.091 region, the structure remains constructive. A decisive breakout above 0.096 opens room for continuation toward the next liquidity pocket above. Failure to hold the trendline would break the rhythm of higher lows and shift structure into short-term correction. For now, this is trend continuation behavior with compression at resistance. Reaction here defines the next leg.