Algorand May Hold Key $0.1483 Support as Analysts See Potential Move Toward $0.90–$1.00

Algorand price is holding near key long-term support at $0.1483, with immediate short-term support at $0.2392–$0.2341. A sustained reclaim above $0.265 and break of $0.3283 would validate a bullish recovery toward $0.90–$1.00 over time.

• ALGO trades at $0.2367, down 12.85% weekly; $0.1483 is a long-term accumulation zone.

• Immediate supports at $0.2392–$0.2341; reclaiming $0.265 would shift momentum higher.

• Resistance at $0.3283 and $0.4792 must clear to open a path to $0.90–$1.00 long-term targets.

Algorand price analysis: ALGO support at $0.1483; watch $0.2341–$0.265 for momentum. Read trade-ready levels and implications.

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Algorand faces key support at $0.1483 as analysts note accumulation strength and potential runs toward $0.90–$1.00 if momentum builds.

• ALGO trades at $0.2367 after a 12.85% weekly drop, with $0.1483 support a key long term accumulation zone.
• Resistance at $0.3283 and $0.4792 must break to confirm bullish continuation, with $0.90–$1.00 projected as long term targets.
• Short term focus is on $0.2392–$0.2341 support, where a breakdown risks deeper lows, while reclaiming $0.265 could lead to recovery.

Algorand (ALGO) remains under close observation after an extended consolidation following its fall from above $1.20 in late 2021 to near $0.10. The token currently trades around $0.2367 and posted a 12.85% weekly decline, highlighting immediate downside risk into established accumulation zones.

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That deep bearish cycle led to prolonged base-building through 2023 and early 2024. Current price action suggests the $0.1483 region is the most important long-term support level, representing a historical accumulation band. Short-term traders should focus on the $0.2392–$0.2341 range for tactical entries or risk management.

What are the accumulation and resistance levels for ALGO?

The broader structure shows the $0.0480–$0.1483 range as the historical base where accumulation took place. In 2024 ALGO rallied to $0.3283 (Fibonacci 1.0) and later touched $0.4792 (near Fib 1.618), both acting as resistance zones.

That resistance structure pressured the token back into consolidation. Analysts note that levels beneath the 20-week EMA often offer buying opportunities before sustained rallies. Momentum indicators such as the RSI are neutral, supporting a sideways market that requires a decisive breakout for validation.

What are the local support and resistance levels?

On a shorter timeframe, ALGO tested a $0.2392–$0.2341 support after failing to hold mid-range levels. This zone is labeled a “Strong Low” and represents the immediate risk boundary for price action. A failure below $0.2341 would likely extend the drawdown and delay recovery scenarios.

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