There needs to be a solid closed candle above the resistance zone and then a retest to confirm a potential spike to the higher levels around $2.00 - $2.50
The trend is overall bullish and the 1-Day MACD helps to confirm this idea.
There is a lot of momentum building in the crypto space and this could be the beginning of the next big leg up. ALGO just needs to breakout soon!
Let me know what you think of the analysis and I'd love to hear some critiques and feedback!