Algorand ($ALGO) may be entering a pivotal accumulation phase ahead of a new upward breakout, according to analyst Michaël van de Poppe. The blockchain’s focus on instant finality—where transactions are confirmed instantly—positions it as a leading contender for scalability and real-world adoption.
Van de Poppe emphasized that Algorand’s architecture enables rapid transaction processing, which is essential for applications in DeFi, retail payments, and global blockchain infrastructure.
“If you’re at a shop and need to wait in line for a payment, a 5-second delay instead of 1 can seriously affect user experience,” he explained. That’s why instant finality is key for building efficient and scalable systems.
Technically, the ALGO/USDT chart reveals a classic cyclical pattern, where the asset has returned to its previous base—a common occurrence in crypto cycles. The analyst points out that the 1.618 Fibonacci extension level acted as a target in the previous run, and a similar move could push ALGO toward the $1 mark in the next leg up.
Currently, ALGO trades near $0.10, within a clearly defined accumulation zone. The previous rally peaked around $0.45, aligning closely with the 1.618 Fibonacci level.
A breakout from the current consolidation range could mirror past cycle behavior, with the next target potentially near $1 based on technical projections.
If fundamental growth continues and adoption of Algorand-based apps accelerates, the market may witness a sustained shift from consolidation into a bullish breakout.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/market/algorand-eyes-breakout-as-accumulation-nears-end-analyst-says/