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This type of structure typically precedes directional expansion, as volatility contracts and liquidity builds near resistance. In ALGO’s case, a confirmed breakout above the channel would represent the first meaningful trend shift on higher timeframes. A successful escape would open a short-term upside over 50-70% toward $0.2000-$0.2500. More importantly, if momentum sustains beyond that region, the broader measured move from the channel structure implies a potential long-term upside expansion of up to 160%–180%, placing ALGO back into its prior macro range of $0.3300-$0.3500. On the downside, failure to break the channel would keep ALGO price trapped in trend decay.
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