ALGO Price Analysis: Short-Cover Squeeze Setup or Final Capitulation?
The price of ALGO has been stagnant at $0.0798, trading beneath a wall of bearish moving averages.
Despite its spot market being practically comatose, smart money in the futures arena is quietly stacking longs.
A short-cover squeeze setup is primed and waiting, with 57.9% of top trader cohort positioned net long versus 42.1% short.