Algorand Could See Breakout From Falling Wedge as $0.23 Support Holds Amid India Partnership, Growing On-Chain Activity

• Falling wedge with $0.23 support and breakout targets at $0.27–$0.28.

• India named Algorand the exclusive blockchain partner for its Future Skills Prime program, expanding institutional adoption.

• On-chain growth: staked ALGO +29% QoQ, smart contract deployments +117%, TVL +33%.

Algorand price outlook: ALGO consolidates in a falling wedge with $0.23 support; watch for a breakout to $0.27–$0.28 — read on for technical levels and on-chain signals.

Algorand ($ALGO) trades within a falling wedge pattern with $0.23 support holding. On-chain data and adoption progress support upside potential.

Algorand ($ALGO) is moving within a falling wedge formation, a bullish chart setup that signals potential breakout conditions. Support has remained firm near the lower range, while technical compression indicates a possible move toward higher levels.

What is the falling wedge pattern telling us about Algorand price?

The falling wedge is a bullish reversal or continuation pattern formed by converging trendlines of descending highs and flat-to-rising lows. For ALGO, the most important fact is that $0.23 has acted as a consistent support; a confirmed close above the wedge resistance would increase the probability of a move to $0.27–$0.28.

‘,
‘

🚀 Advanced Trading Tools Await You!
Maximize your potential. Join now and start trading!

‘,
‘

📈 Professional Trading Platform
Leverage advanced tools and a wide range of coins to boost your investments. Sign up now!

‘
];

var adplace = document.getElementById(“ads-bitget”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex;
adplace.innerHTML = adscodesBitget[adsindex];
sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBitget”, sessperindex);
}
})();