Algorand Price Prediction- Algorand (ALGO) Price Eyes Major Move After Breakout Retest
Algorand Price Prediction– Algorand (ALGO) is at a pivotal moment, currently trading just above a key support zone that could determine its next big move. After confirming a double bottom with strong bases at $0.15 and $0.16, ALGO broke out above its neckline at $0.26 in mid-July—then surged to a local high of $0.34.
Now, the price is pulling back and consolidating right at this neckline, which aligns perfectly with the 20-day EMA ($0.2611)—a crucial confluence of support. If bulls hold the line here, the next upside target is clear: a retest of $0.34, with a possible extension to $0.37, based on the double bottom’s measured move—an upside of 40% from current levels.
RSI Reset Signals Healthy Bullish Setup
The RSI has cooled from near-80 overbought levels down to a neutral 53—indicating a reset without flipping bearish. This suggests the current pause could be a launchpad for another leg up, not a sign of weakness.
However, a daily close below $0.26 would invalidate the bullish structure and open the door to lower supports at $0.23 or $0.20.
Strong Fundamentals Back the Chart
Backing this technical setup is fresh momentum from Algorand’s Q2 2025 Transparency Report. Highlights include:
- 3B+ lifetime transactions, with 7.5% QoQ growth
- 28.7% surge in consensus staking
- 51% growth in community staking
- 12.7% rise in RWA TVL, driven by launches like Midas’ tokenized U.S. Treasury ETF (mTBILL)
These on-chain milestones signal growing adoption and decentralization—fueling long-term confidence in ALGO.
