Stock Price Prediction

MLGO stock is currently trading at $1.53, reflecting a significant decline from its recent highs. Bullish sentiment stems from MicroAlgo's advancements in quantum computing, including a quantum algorithm breakthrough that previously drove the stock to $5.56. If the company continues to demonstrate tangible progress in quantum applications, a recovery toward its Fibonacci pivot level of $1.83 or higher resistance at $2.20 is possible.

MLGO stock is currently trading at $4.05, down from its recent high of $5.56. Bears argue that the stock's recent surge, driven by quantum algorithm announcements, is unsustainable due to the speculative nature of quantum computing and the lack of immediate revenue impact. Additionally, the stock's volatility and potential overvaluation after a 36.6% spike make it vulnerable to profit-taking and broader market corrections.