MicroAlgo Share Price Surges Above $19 as Bulls Regain Control

Summary:
• MicroAlgo jumps above $19 as AI stock momentum returns. Bulls target $23.84 next as breakout builds above key $17.59 support zone.

MicroAlgo Inc. (NASDAQ: MLGO) is back in the spotlight after jumping over 8% on Monday, pushing past the key $17.59 resistance and consolidating around $19.14. The low-float AI stock has been a retail favorite since its explosive March rally, and momentum appears to be rebuilding as sentiment turns risk-on.

AI Hype Returns as MLGO Builds Support

Today’s move comes amid renewed retail interest in AI and machine learning stocks, especially in micro-cap names like MLGO that have already shown breakout potential.

While the broader tech sector is mixed, MLGO’s volume surge and clean breakout above consolidation suggest renewed upside energy — possibly setting the stage for another test of higher resistance levels.

MLGO Chart Analysis

The 4-hour chart confirms bullish continuation following a clean breakout from the $17.59 zone.

• Trend: Bullish breakout structure
• Momentum: RSI rising, currently at 54.54 — neutral to bullish bias
• Immediate Support: $17.59
• Major Support: $10.44
• Resistance Ahead: $23.84 and $30.08
• Bias: Bullish above $17.59, breakout confirmation above $20.00

Price is now forming a potential bull flag around the $19–$20 area. If volume follows through, the next stop could be $23.84 — a key psychological and structural level.

Final Outlook for MLGO Stock: Eyes on $23 as Momentum Builds

MicroAlgo has reclaimed key levels and is showing early signs of a renewed uptrend. With RSI favoring buyers and volatility picking up, traders are watching for a clean move through $20 to trigger another leg higher.

As long as MLGO holds above $17.59, the bulls remain in control — and this AI penny stock may have more gas in the tank.