ALGO Technical Analysis Jan 24

Today’s short-term outlook and key levels to watch

Short-Term Market Outlook

ALGO is trading at $0.12 as of January 24, 2026, and experienced a 2.63% decline in the last 24 hours. The daily range remained quite narrow ($0.12 – $0.12), while volume stayed low at $13.63M. The short-term trend is downward; price is positioned below EMA20 ($0.12) and Supertrend is giving a bearish signal. RSI at 43.20 is in the neutral zone, but the MACD histogram showing positive bars indicates a slight bullish divergence. In the 24-48 hour window, the market is in a consolidation tendency but downward pressure dominates. In multi-timeframe (MTF) analysis, 13 strong levels were identified across 1D, 3D, and 1W timeframes: 2 support/5 resistance in 1D, 2S/1R in 3D, 2S/4R in 1W. These levels will play a critical role for intraday movements. There is no significant news flow, indicating that technical levels will remain in the foreground.

Intraday Critical Levels

Nearby Support Zones

Closest support at $0.1179 (strength score: 77/100), this is the first test point and should be watched for quick scalp opportunities. In case of breakdown, $0.1165 (70/100) comes into play; invalidation requires a quick retracement above $0.1180. In a deeper decline, $0.1086 (64/100) acts as the main base, but reaching it within 24 hours has low probability. These levels can be used as stop-loss points for intraday long positions; limit risk to 1-2%.

Nearby Resistance Zones

Immediately below price, $0.1187 (72/100) is the first resistance; volume increase is required for breakout. Above it, $0.1206 (61/100) and $0.1222 (63/100) are pivot points; breaking these could trigger a momentum shift. Quick invalidation: close below $0.1190. These resistances can be targeted for short-term short setups, but BTC correlation should not be ignored.

Momentum and Speed Analysis

Short-term momentum is mixed: RSI at 43.20 is not approaching oversold, neutral pressure persists. MACD positive histogram is growing, which may signal hidden bullishness, but Supertrend bearish resistance stands at $0.13. Speed analysis is low; squeeze in narrow range awaits a catalyst for volatility breakout. In 1-4 hour charts, momentum indicators (RSI divergence) suggest slight recovery, but bearish bias below EMA20 is preserved. For scalping, watch 15min RSI >50 crossovers; entries targeting 0.5% with risk management make sense. Volume is low; sudden spikes could shift momentum.

Short-Term Scenarios

Upside Scenario

Break of $0.1187 with volume triggers upside, first target $0.1206-$0.1222 range (R:R 1:2). If momentum increases, it extends to $0.1315 (score 30). Trigger: 1-hour close above $0.1190 + RSI >50. Invalidation: below $0.1179; suitable for quick long scalps but high risk. 5-8% upside potential in 24-48 hours if BTC stable.

Downside Scenario

Break of $0.1179 accelerates bearish momentum, targets $0.1165 and $0.1086 (score 28). Trigger: Drop without volume + MACD crossover down. Invalidation: Recovery above $0.1200. Ideal for short scalps; exit at 1-3% targets. High probability due to downtrend, supported by BTC decline.

Bitcoin Correlation

ALGO is highly correlated with BTC (>0.85); BTC sideways at $89,402 but Supertrend bearish. If BTC supports $88,870 / $87,635 break, ALGO cascades down to $0.1165. If BTC resistance $90,751 is broken, it supports ALGO upside to $0.1222. BTC dominance increase pressures altcoins; $86,420 BTC base could test ALGO $0.1086. Follow correlation details in ALGO Spot Analysis and ALGO Futures Analysis.

Daily Summary and Watch Points

Today’s focus: $0.1179 support and $0.1187 resistance. Breakouts determine direction within 24 hours. Watch: BTC $88,870 / $90,751, ALGO volume spikes, RSI divergence. Risk: Short-term trades are volatile; manage capital with 1% risk. Avoid high leverage, stop-loss mandatory. MTF resistance abundance strengthens bearish bias; be patient.