TLDR:
- Algorand (ALGO) holds support at $0.18 with a higher low, suggesting bullish accumulation.
- Price bounced from 0.618 Fib level, a key zone often linked to rally setups.
- Trading volume surges as ALGO clears downtrend and eyes $0.25 resistance.
- Algorand joins Blockchain Association, boosting its U.S. policy influence.
Algorand is showing renewed strength following a period of consolidation, with traders watching closely for signs of a sustained breakout.
After retracing its earlier gains, the token now trades around a key support level and has formed a higher low. This pattern often indicates a shift in momentum, especially when backed by broader market optimism.
As trading volume increases and bullish signals emerge, the stage may be set for a fresh upward move. Market analysts are also pointing to Algorand’s growing involvement in U.S. crypto policy as a potential catalyst.
Algorand Higher Low Formation Signals Strength
The ALGO chart reveals a higher low near $0.18, suggesting buying interest is returning after a significant pullback. Analysts say this price action often marks the end of a retracement phase.
$ALGO is such a beautiful chart.
It's making a higher low, after a full retrace from the previous rally.
The upcoming rally will initiate a way higher price, as that's during a bull run.
Now, they joined the Blockchain Assocation and that's bullish.
Why?
Through this,… pic.twitter.com/tuGS4uSzCY
— Michaël van de Poppe (@CryptoMichNL) June 25, 2025
According to Michaël van de Poppe, this setup mirrors classic accumulation patterns that precede rallies during favorable market cycles. The retracement reached the 0.618 Fibonacci level, a widely-watched technical zone that often acts as a launchpad.
Volume surged during this period, a sign that institutional players or large wallets may be entering the market. Traders are now eyeing the 1.618 extension level near $0.47 as a potential upside target if the bullish trend continues.
Market momentum appears to be building, with recent price activity hinting at a breakout. Trader RALVΞRO noted that Algorand had cleared its recent downtrend, gaining strength on increasing volume.
He suggested that if the momentum holds, the price could reclaim the $0.25 level soon.
$ALGO is breaking out!
Algorand has smashed through its downtrend with strong momentum. The market is buzzing with positive vibes, fueled by recent war news de-escalation and a bullish crypto landscape.
Volume is picking up, and if it holds, we’re eyeing a swift reclaim of… pic.twitter.com/YBllD0ElDH
— RALVΞRO (@Ralvero) June 25, 2025
This aligns with the broader crypto environment, which has turned more positive following recent geopolitical shifts. As risk appetite returns, tokens like ALGO that have both technical and fundamental appeal may outperform.
Blockchain Association Membership Adds Policy Weight
Beyond technicals, Algorand’s involvement with the Blockchain Association could support long-term growth.
By joining the group, Algorand positions itself within conversations shaping U.S. crypto regulation. This development adds a layer of strategic value that may enhance adoption prospects, especially if regulatory clarity improves.
According to market watchers, projects aligned with policy initiatives could see stronger institutional interest. For Algorand, this move may increase visibility and influence in a space where compliance is gaining importance.
As per the latest CoinGecko data, ALGO trades at $0.1775 with a 24-hour volume of over $62 million. While the price dipped 3.10 percent in the last day, it remains 6.20 percent higher week-on-week.
These fluctuations reflect both short-term volatility and underlying accumulation.
The post Algorand Price Gains Traction as Technicals Align with Policy Momentum appeared first on Blockonomi.
Source: https://blockonomi.com/algorand-price-gains-traction-as-technicals-align-with-policy-momentum/