Will ALGO Bounce Back After Slight Dip? New Charts Suggest It Could Be a Bitcoin-Like Scenario

The cryptocurrency market continues to struggle following the October 10th crash, which wiped out over $19 billion in liquidations. Ethereum (ETH) remains volatile, adding pressure on other major altcoins including Algorand (ALGO). ALGO is currently trading down over 16% this week, but a closer look at its chart reveals an interesting bullish pattern that mirrors Bitcoin’s price behavior before a breakout rally.