The post ALGO Technical Analysis Feb 28 appeared on BitcoinEthereumNews.com.

ALGO’s 24-hour trading volume is at 20.95 million $ compared to recent average volumes, staying at low levels; despite a price drop exceeding 4%, the volume weakness indicates limited selling pressure and carries potential accumulation signals. Volume Profile and Market Participation ALGO’s current volume profile reveals a significant decrease in market participation recently. The 24-hour volume is at 20.95 million $ level, about 30-40% below the recent 7-day average volume. This low volume, especially despite the price declining to the $0.09 level within the downtrend, indicates that a broad seller base has not entered. According to volume profile analysis, the highest volume nodes over the last 30 days are concentrated in the $0.095-$0.10 range; this area is currently functioning as resistance, and a volume increase should be expected in price tests toward here. In terms of market participation, retail investor interest appears diminished – data sets from TradingView and similar platforms confirm the dominance of small lot sizes. For a healthy volume profile, volume must increase by at least 50% in upward movements; the current low participation may prepare the ground for a trend reversal but requires confirmation. In the multi-timeframe (MTF) volume context, 2 support and 3 resistance levels stand out on the 1D chart; resistance dominates on 3D and 1W. This structure shows that short-term weakness does not overshadow long-term potential. Accumulation or Distribution? Accumulation Signals Despite the downtrend where price remains below EMA20 ($0.09), the persistently low volume resembles a classic accumulation pattern. According to Wyckoff methodology, low-volume declines after the ‘spring’ phase (near $0.0852 support) may conceal big players’ bottom-picking activity. With RSI at 38.68 approaching the oversold region and the MACD histogram positive, it strengthens the volume-price divergence – momentum is supported in volume while price falls. The overlap of supports (1D/3D/1W) from the last…

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Filed under: News - @ February 28, 2026 6:17 am