Algorand (ALGO) has rebounded above its downtrend and is trading near $0.2653; the Algorand rebound targets $0.35–$0.40 if bulls hold above $0.25. Support is $0.22–$0.24; a close below $0.25 could reopen a drop toward $0.22. Momentum indicators favor cautious continuation if volume sustains.
Algorand rebounds with a breakout above its downtrend, trading near $0.2653 as analysts eye potential targets at $0.35–$0.40.
A breakout above $0.30–$0.32 could push ALGO toward $0.40–$0.44; losing $0.25 risks a drop back to $0.22.
Algorand (ALGO) has entered a decisive phase after a sharp rebound from its key support base earlier in 2025. Analyst Ted Pillows on X (formerly Twitter) highlighted renewed strength after levels were reclaimed above the downtrend. The move produced an 11.52% daily surge and puts the token at a short-term inflection point.
What is the current status of the Algorand rebound?
Algorand rebound is evidenced by ALGO trading near $0.2653 after breaking above a descending trend line. The asset has reclaimed mid-range structure and now tests resistance at $0.30–$0.32; sustained momentum could target $0.35–$0.40 in the coming sessions.
How strong is ALGO’s support and resistance structure?
ALGO established a demand zone at $0.22–$0.24 with multiple bounces that prevented deeper declines. The present mid-range near $0.2640 acts as interim support while resistance clusters at $0.30–$0.35. A clear close above $0.32 would validate a bullish breakout; failure below $0.25 risks revisiting $0.22.
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How do technical indicators frame the breakout potential?
The RSI sits at 52.82, slightly above neutral, indicating balanced momentum but a mild bullish tilt. The MACD line at 0.0016 is marginally below the signal line at 0.0021, producing a small bearish histogram reading of -0.0005. The proximity of MACD lines suggests a rapid flip if buying volume increases.
ALGO/USDT 1-day price chart, Source: TradingView
When could ALGO reach the next targets and what triggers it?
A validated breakout above $0.30–$0.32, supported by rising volume and a MACD crossover into positive territory, could accelerate ALGO toward $0.35–$0.40 within several trading sessions. Conversely, a daily close below $0.25 increases the probability of a retest of $0.22 demand levels.
Support, resistance and target comparison
Level | Price range | Role |
---|---|---|
Demand base | $0.22–$0.24 | Strong support / bounce zone |
Mid-range | $0.25–$0.27 | Immediate support / balance area |
Resistance | $0.30–$0.35 | Near-term barrier |
Upside targets | $0.35–$0.44 | Potential extension on breakout |
Frequently Asked Questions
What are the immediate risk levels for ALGO?
The immediate risk is a daily close below $0.25, which could open a path back to the $0.22 demand zone. Traders should watch volume and MACD confirmation to assess downside probability.
How should traders interpret the RSI and MACD readings?
RSI at 52.82 indicates neutral-to-mild bullish momentum. The MACD shows a slight bearish crossover but with lines close together, implying a quick shift to bullish if buying resumes.
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Sustaining a move to $0.40 requires clearing $0.32 with volume and broader market support. Historical supply near $0.40–$0.44 will likely act as partial resistance but is reachable on a decisive breakout.
Algorand’s recent rebound signals a potential trend shift, but validation requires follow-through above $0.30–$0.32 with supportive volume. Traders should monitor RSI, MACD and the $0.25 pivot to assess continuation toward $0.35–$0.40. COINOTAG will update this analysis as price data evolves.
Source: https://en.coinotag.com/algorand-could-reach-0-35-0-40-after-breakout-if-it-holds-0-25-support-analysts-say/