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Algorand Breakout Watch as Analyst Projects Rally Toward $0.35–$0.40 Range
ALGO holds support between $0.22–$0.24, forming a base for recent gains after an 11.52% daily surge.
RSI at 52.82 and steady volume suggest balanced momentum, with potential for continuation if bulls maintain pressure.
A breakout above $0.30–$0.32 could push ALGO toward $0.40–$0.44, while losing $0.25 risks a drop back to $0.22.
Algorand (ALGO) has entered a key phase after a sharp rebound from its key support base earlier in 2025. According to analyst Ted Pillows on X, the token has shown renewed strength after reclaiming levels above its recent downtrend
Pillows noted that ALGO is holding firm and could soon advance toward the $0.35–$0.40 zone if momentum continues. The digital asset recently posted a strong daily surge of 11.52%, trading near $0.2653 and showing early signs of sustained recovery.
Support and Resistance
ALGO established strong demand between $0.22 and $0.24, where several bounces formed a base. This green zone has acted as a reliable support, preventing deeper losses during extended consolidation
From this range, the price attempted a move toward $0.35 in July before retracing to its current levels. The present zone near $0.2640 now stands as a mid-range level, balancing support at $0.22 and resistance around $0.30–$0.35.
Technical Indicators and Market Readings
The RSI currently is at 52.82, slightly above the neutral midpoint of 50. This position suggests balanced momentum, although maintaining above this level favors a mild bullish bias
ALGO/USDT 1-day price chart, Source: TradingView
Meanwhile, the MACD line at 0.0016 is just below the signal line at 0.0021, while the histogram is at -0.0005. This is a minor bearish crossover, but the close proximity of both lines suggests possible turnaround quickly should demand pick up. Volume levels show steady activity without excessive fluctuation, in line with the prevailing consolidation trend.
Breakout Potential Ahead
Technically, ALGO narrowly evaded a downtrend triangle culminated in a yellow downtrend line. Instead of breaking down, the asset rallied with good momentum, which suggests regained buyer control.
Sustaining above $0.25 is still necessary, as this could be the foundation for retests of resistance around $0.30–$0.32. Should this break, further upper targets could extend as far as $0.40–$0.44, which also act as former supply levels. However, a loss of $0.25 could reopen a path back to the established demand base at $0.22.
The post Algorand Breakout Watch as Analyst Projects Rally Toward $0.35–$0.40 Range appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.