ALGO has defended the $0.105 support level, signaling a potential bullish reversal as buyers regain short-term market control. The cryptocurrency's trading volume has increased, aiding its recovery towards the critical $0.116 resistance cluster. Traders are now watching for a breakout confirmation as ALGO aims for the next resistance region near $0.135. The recent market activity shows ALGO approaching a major technical resistance zone after a sharp recovery from recent lows. The 4-hour chart indicates a shift away from bearish momentum, with volume expanding significantly during the rebound from the May 27 support level. ALGO climbed to $0.118, gaining nearly 14% in the past 24 hours, as momentum accelerated past the $0.110 resistance. Traders are closely monitoring the neckline resistance between $0.116 and $0.120, a critical level for confirming a bullish structure. A successful breakout could invalidate the recent sequence of lower highs, with a projected continuation target near $0.135. However, failure to break the neckline may lead to continued consolidation and potential volatility.