Rebeca Moen
Feb 01, 2026 16:52
Algorand (ALGO) technical analysis suggests potential 30-40% upside to $0.13-$0.14 range despite current bearish momentum, with critical support at $0.09 holding firm.
ALGO Price Prediction Summary
• Short-term target (1 week): $0.13-$0.14
• Medium-term forecast (1 month): $0.16-$0.19 range
• Bullish breakout level: $0.14
• Critical support: $0.09
What Crypto Analysts Are Saying About Algorand
Recent analyst coverage provides cautiously optimistic targets for ALGO despite current market conditions. Peter Zhang noted on January 27, 2026: “ALGO Price Prediction Summary: Short-term target (1 week): $0.13-$0.14; Medium-term forecast (1 month): $0.16-$0.19 range; Bullish breakout level: $0.14; Critical support: $0.11.”
Tony Kim echoed similar sentiment on January 26, providing identical targets: “ALGO Price Prediction Summary: Short-term target (1 week): $0.13-$0.14; Medium-term forecast (1 month): $0.16-$0.19 range; Bullish breakout level: $0.14; Critical support: $0.11.”
Felix Pinkston was more specific about the recovery potential, stating on January 25: “Algorand (ALGO) trading at $0.12 shows potential for 16-58% gains with medium-term forecast targeting $0.16-$0.19 range as technical indicators suggest recovery momentum.”
The consensus among these analysts points to significant upside potential from current levels, with the $0.14 breakout level serving as a key catalyst for further gains.
ALGO Technical Analysis Breakdown
Currently trading at $0.10, Algorand faces mixed technical signals that require careful analysis. The RSI reading of 32.67 sits in neutral territory, suggesting neither extreme oversold nor overbought conditions. This positioning provides room for upward movement without immediate resistance from momentum indicators.
The MACD histogram shows 0.0000, indicating bearish momentum has stalled rather than accelerated. While this represents a pause in selling pressure, bulls need to see positive histogram readings to confirm trend reversal. The current MACD at -0.0050 with signal at -0.0050 suggests equilibrium between buyers and sellers.
Bollinger Bands analysis reveals ALGO trading near the lower band with a %B position of -0.03. This extreme positioning often precedes mean reversion moves toward the middle band at $0.12. The upper band at $0.14 aligns perfectly with analyst breakout targets, creating strong technical confluence.
Moving averages paint a bearish picture with price below all key levels. The SMA 7 at $0.11 represents immediate resistance, while the SMA 200 at $0.19 shows the magnitude of the current correction. However, the convergence of shorter-term averages suggests potential consolidation before the next directional move.
Algorand Price Targets: Bull vs Bear Case
Bullish Scenario
The Algorand forecast turns optimistic above $0.11 resistance, targeting the $0.13-$0.14 range within one week. Technical confirmation would come from RSI moving above 40 and MACD histogram turning positive. The 24-hour trading range high of $0.11 serves as the first hurdle, with clearing this level opening the path to Bollinger Band middle at $0.12.
A sustained break above $0.14 would trigger the medium-term targets in the $0.16-$0.19 range, representing potential gains of 60-90% from current levels. The strong support base near $0.09-$0.10 provides an attractive risk-reward setup for bullish positioning.
Bearish Scenario
Failure to hold $0.10 support could see ALGO decline toward the $0.09 strong support level identified in the technical analysis. A break below this zone would invalidate the current ALGO price prediction and target the psychologically important $0.08 level.
The primary risk factors include continued bearish momentum in the broader crypto market and failure to generate sufficient buying volume above $0.11. The significant gap between current price and the SMA 200 at $0.19 indicates substantial overhead resistance that could limit recovery attempts.
Should You Buy ALGO? Entry Strategy
Based on current technical levels, a staged entry approach appears optimal. Initial positions could be established near current levels around $0.10, with the Bollinger Band lower support providing a logical foundation. Additional buying opportunities may emerge on any test of the $0.09 strong support level.
Stop-loss placement below $0.085 would limit downside risk while allowing room for normal price fluctuation. The daily ATR of $0.01 suggests position sizing should account for potential 10% daily moves in either direction.
For more aggressive traders, waiting for a clear break above $0.11 with increased volume could provide better risk-adjusted entry points, despite higher prices. This approach aligns with the analyst consensus that $0.11 represents critical support that must hold for bullish scenarios to unfold.
Conclusion
The ALGO price prediction suggests potential for significant gains despite current technical challenges. The confluence of analyst targets around $0.13-$0.14 and Bollinger Band resistance creates a compelling near-term objective. While bearish momentum has stalled, bulls need to demonstrate strength above $0.11 to validate these optimistic forecasts.
The medium-term Algorand forecast targeting $0.16-$0.19 appears achievable given the current oversold conditions and strong fundamental backing of the Algorand ecosystem. However, broader market conditions and Bitcoin’s direction will likely influence ALGO’s ability to reach these ambitious targets.
Disclaimer: Cryptocurrency investments carry substantial risk. This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consider your risk tolerance before investing.
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Source: https://blockchain.news/news/20260201-algo-price-prediction-targets-013-014-by-early-february