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ALGO broke down from a rising channel this bar on 3 times normal volume under a weekly downtrend. Above $0.09245 the break has failed.

ALGO-USD · 4H · read on 2026-09-04 · Broke below $0.09245 this bar on 3 times normal volume. No retest yet.

What the read found

Trend: a series of higher highs and higher lows over the window, 4 steps across 27 bars, still intact
Formation: rising channel — Broke below $0.09245 this bar on 3 times normal volume. No retest yet.
Decides above: $0.09245 (the breakout)
Decides below: $0.09133 (the double bottom)
Resistance: $0.09499
Level history: The last ten times price reached $0.09499 it held every time, bouncing 6.1% on average.

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Every figure on this page was computed from the real candles up to 2026-09-04. This is a description of a chart, not advice, a signal or a forecast. Disclaimer · What a read returns