ALGO short-term bearish; RSI near oversold, critical support $0.0928

Published: 2026-02-10 05:07:10 |

ALGO (ALGO/USDT) remains in a dominant downtrend and is trading around $0.098–$0.10. Short-term technicals are bearish: RSI (14) near 36–38 (approaching oversold), negative MACD histogram, price below EMA20/50/200 and bearish Supertrend/EMA ribbons. Daily volume is moderate (~$19–31M). Key support levels: $0.0947 and critical support $0.0928; secondary supports at $0.0807, $0.0503 and lower target $0.0345–$0.0514 in extended sell-offs. Immediate resistance and breakout zone sits between ~$0.1045–$0.12 (breakout trigger noted near $0.1046–$0.1066). Analysts observe accumulation-like action in the $0.10–$0.105 range but warn of false breakouts while the down channel persists. ALGO shows strong correlation with Bitcoin (correlation ~0.8–0.85); BTC weakness increases downside risk for ALGO (BTC support reference ~$77.4k in prior analysis). Trading guidance: consider longs only after a confirmed close above the $0.1046–$0.1066 breakout zone with volume and momentum confirmation (RSI >50, MACD histogram contraction); consider shorts on failure/breakdown below $0.0947–$0.0928 targeting $0.0807 and deeper levels. Maintain tight risk management, watch volume for confirmation, and scale positions with BTC stability. This is technical commentary and not investment advice.

Bearish

Both articles report consistent bearish technicals for ALGO: price below major EMAs, negative MACD histogram, RSI near oversold but not showing a sustainable reversal, bearish Supertrend and EMA ribbon alignment, and moderate volume. Key supports at $0.0947 and $0.0928 are highlighted; failure of these levels opens pathways to lower targets ($0.0807, $0.0503–$0.0345). Analysts also note a possible short-term accumulation band near $0.10–$0.105, but warn of false breakouts while the down channel and strong correlation with Bitcoin persist. Because BTC weakness would likely amplify ALGO selling pressure and because a credible bullish case requires clear momentum and volume confirmation (RSI >50, MACD contraction, confirmed close above $0.1046–$0.1066), the immediate and medium-term outlook favors further downside. Traders should therefore treat the news as bearish for ALGO price action until breakout conditions are met and monitor BTC for broader market support.