Like almost all other altcoins, ALGO is ready as a formation and it will do what it has to do soon.
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It moved faster than I expected and reached the first resistance zone. It will move for a while in the $0.27 - $0.37 range. Then it's next target will be $0.66. If it can exceed the $1 level by the bull season, a new ATH attempt may come. For now, the plan is working like a clockwork.