ALGO Technical Analysis Jan 29

Today’s short-term outlook for ALGO and critical levels to watch: Consolidation under light bearish pressure, watch for quick breakouts.

Short-Term Market Outlook

ALGO is trading at the 0.12 dollar level as of January 29, 2026, showing a slight 0.41% decline over the last 24 hours. The intraday range remained limited between 0.12-0.13, with volume at a moderate 30.13 million dollars. Although the short-term trend continues as an uptrend, the price positioning below EMA20 (0.12) signals bearish. RSI at 50.49 is in neutral territory, MACD shows bullish momentum with a positive histogram, while Supertrend is bearish and points to the 0.13 resistance. Consolidation dominates for the next 24-48 hours, but BTC’s downward pressure requires caution in altcoins. Intraday traders have limited scalping opportunities; a momentum breakout should be awaited. On higher timeframes (1D/3D/1W), there are 11 strong levels: 3 supports/2 resistances on 1D, balanced on 3D, resistance-heavy on 1W. In this context, ALGO’s short-term movement is becoming dependent on BTC correlation. Risk management is critical: Position sizes should not exceed 1-2%, stops should be tight.

Intraday Critical Levels

Nearby Support Zones

Current support zones: 0.1195 (score 78/100, strong pivot, ideal scalp zone for quick tests). Below it, monitor 0.1171 (score 63/100) and 0.1093 (score 68/100). A break below these levels could trigger quick downside momentum; invalidation above 0.1212.

Nearby Resistance Zones

Current resistance zones: 0.1232 (score 90/100, most critical barrier, aligns with Supertrend). Nearby 0.1212 (score 71/100). Volume increase is required for a breakout; otherwise, reaching 0.13 is difficult. Scalpers can look for short opportunities between 0.1212-0.1232.

Momentum and Speed Analysis

Short-term momentum is mixed: RSI neutral (50.49), no overbought/oversold, signaling consolidation. MACD histogram is positive but weak below the zero line, potential bullish divergence may form. Supertrend gives a bearish signal, speed analysis shows declining speed on 1H/15M timeframes. Intraday volatility is low (0.41% change), but sudden spikes possible with BTC movement. Momentum traders should be long biased on a 0.1232 breakout, short biased on a 0.1195 break. Speed indicators (ROC) neutral, breakout expected in 24-48 hours. Risk: 5-10 tick stops mandatory for fakeouts.

Short-Term Scenarios

Upside Scenario

Bullish scenario: Clear break of 0.1232 (with volume confirmation), target 0.1378 (score 44). Triggers: RSI 55+, MACD above zero. Invalidation: Close below 0.1195. For swing traders, entry from 0.1212, R:R 1:2.5 targeted. Probability 40%, activates if BTC stable.

Downside Scenario

Bearish scenario: Break of 0.1195, targets 0.1093 and 0.0994 (score 0). Triggers: Persistent below EMA20, RSI 45-. Invalidation: Above 0.1232. Scalp shorts from 0.1212, stop at 0.1235. Probability 55%, aligned with BTC downtrend. High risk: Watch for sudden bounces.

Bitcoin Correlation

ALGO has high correlation with BTC (0.85+%). BTC currently at 88,250 with -1.09% downtrend, Supertrend bearish. BTC supports at 87,481 / 86,564 critical; break pushes ALGO to 0.1171. BTC resistances at 88,610 / 90,573 to monitor; recovery triggers ALGO 0.1232. BTC.Dominance rising, altcoin caution: BTC below 87,481 ALGO short bias, above 88,610 long opportunity. Trade BTC-focused for 24-48 hours. Details at ALGO Spot Analysis and ALGO Futures Analysis.

Daily Summary and Watch Points

Main watch points: 0.1195 support, 0.1232 resistance, BTC 88,610/87,481. Breakouts must be confirmed with volume, high fakeout risk. Short-term trading high risk: Risk 1% capital, use trailing stops. No news, stay technical-focused. Today’s scalping zone 0.1195-0.1232, for swings MTF levels. With Devrim Cacal methodology: Momentum > trend, invalidation mandatory for every setup. Watch: 1H closes, BTC correlation.