The situation has changed due to a combination of technical momentum and upcoming events like the Algo Foundation conference in India. ALGO has surpassed the significant resistance level of 0.280 USD, which has been maintained since December 2022, marking the fourth consecutive week of bullish candles.

Technical indicators suggest that ALGO could reach the next major resistance at 0.750 USD. If this upward trend continues, ALGO could hit 0.55 USD in the third wave before targeting 0.750 USD in the fifth wave.