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MicroAlgo Crashes 35% After $34 Peak—What’s Next for MLGO After the Hype?

Summary by InvestingCube

MicroAlgo (NASDAQ: MLGO) was one of last week’s hottest momentum stocks—but the steam is starting to cool. After skyrocketing from below $3 to an intraday high of $34.17, the stock has pulled back sharply and is now consolidating around $22.10, hovering just below the key $23.84 resistance level. The massive run-up was driven by a mix of retail buzz, algorithmic trading volume, and speculation around AI-linked microcap plays. But with RSI coolin…

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Fxcryptonews

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