Algorand Could Reach $0.35–$0.40 After Breakout If It Holds $0.25 Support, Analysts Say

ALGO

ALGO/USDT

$0.1008
-6.75%
24h Volume

$38,368,842.55

24h H/L

$0.1093 / $0.1000

Change: $0.009300 (9.30%)

Funding Rate

-0.0067%

Shorts pay

Data provided by COINOTAG DATALive data
ALGO
ALGO
Daily

$0.1013

-1.75%

Volume (24h): -

Resistance Levels
Resistance 3$0.1201
Resistance 2$0.1148
Resistance 1$0.1059
Price$0.1013
Support 1$0.0976
Support 2$0.0682
Support 3$0.0543
Pivot (PP):$0.1018
Trend:Downtrend
RSI (14):35.5
(07:41 AM UTC)
6 min read

Contents

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Algorand rebounds with a breakout above its downtrend, trading near $0.2653 as analysts eye potential targets at $0.35–$0.40.

  • ALGO holds support between $0.22–$0.24, forming a base for recent gains after an 11.52% daily surge.

  • RSI at 52.82 and steady volume suggest balanced momentum, with potential for continuation if bulls maintain pressure.

  • 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.

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.

ALGOUSDT 2025 08 23 10 10 15 1
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.

Can ALGO sustain a move to $0.40?

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.

Key Takeaways

  • Immediate outlook: ALGO has rebounded above its downtrend and trades near $0.2653, with a bullish bias if $0.25 holds.
  • Technical signals: RSI ~52.82 shows balanced momentum; MACD proximity indicates a quick potential flip to bullish on stronger demand.
  • Actionable levels: Watch $0.30–$0.32 for breakout confirmation; manage risk under $0.25 with a target retest of $0.22.

Conclusion

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.



JM

James Mitchell

COINOTAG author

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