ALGOUSDT Break Downtrend – Reversal in Progress or Just a RetestAlgorand / TetherKUCOIN:ALGOUSDTCryptoNuclear📊 Technical Analysis Overview: The Algorand (ALGO) / Tether (USDT) pair has shown a notable technical development by successfully breaking above a medium-term descending trendline that has acted as resistance since early 2025. --- 🔍 Pattern & Structure: A clean breakout above the descending trendline (yellow sloped line) indicates a potential shift in trend from bearish to bullish. Price is currently undergoing a retest of the breakout zone, aligning with the Fibonacci retracement levels 0.5 ($0.2451) and 0.618 ($0.2273). The yellow horizontal zone ($0.25–$0.29) has been a significant support/resistance flip zone, showing strong historical reaction throughout 2024 and early 2025. A higher high and higher low structure is starting to form — an early signal of a potential bullish reversal. --- 📈 Bullish Scenario: If the price holds the support zone between $0.2451 and $0.2273, we could see a continuation of the upward move toward the following resistance levels: $0.2909 (current minor resistance) $0.3187 $0.3500 $0.3871 Mid-term targets: $0.4936 and $0.6106 A daily or 2D candle close above $0.3187 with strong volume would confirm a bullish continuation. --- 📉 Bearish Scenario: On the other hand, failure to hold above the $0.2451–$0.2273 support zone could lead to a renewed bearish move with potential targets at: $0.1900 (weekly historical support) $0.1500 Extreme support: $0.0938 (2024 cycle low) A break below $0.2273 would invalidate the breakout and may signal a bull trap. --- 📌 Summary: ALGO is at a key inflection point. The current pullback could be a healthy correction after a breakout or a failed retest. Watch for price action and volume reaction near $0.2451–$0.2273 to confirm the next move. #ALGO #Algorand #ALGOUSDT #CryptoAnalysis #TechnicalAnalysis #Breakout #BullishReversal #Fibonacci #SupportResistance #Altcoins #CryptoSetup #PriceAction