Algorand (ALGO) Price Prediction and Technical Analysis: Will It Rise Again?

Algorand (ALGO), a blockchain protocol built for speed, efficiency, and decentralization, has recently captured renewed attention among traders. The project broke out of a medium- to long-term downward trend, suggesting a potential change in momentum. 

With a current price of around $0.215 and a market cap of $1.85 billion, the question now is: can ALGO rally back to former highs—or even reach $1 or $10?

Let’s break down the technical setup, recent market behavior, and fundamental developments that could shape ALGO’s future.

Breaking the Falling Trend: A Bullish Signal?

Technical analysis shows that Algorand has recently broken out of a falling channel that persisted through early 2025. This is typically viewed as a bullish reversal signal. 

The chart also reveals support near $0.16 and resistance near $0.32. A confirmed breakout above $0.32 would signal more upside potential, especially if volume increases.

In the short term, however, ALGO has faced some selling pressure. Despite an 11.46% gain over the past 30 days, it dropped 3.75% in the last 24 hours. 

This pullback follows a sharp rise from a recent low of $0.1909 to $0.2596, hinting at short-term profit-taking.

Also read: Algorand (ALGO): What is it and What are Their Inventions?

ALGO Technical Indicators: Mixed but Improving

ALGO Price Prediction

Let’s dive into ALGO’s key indicators:

• Relative Strength Index (RSI): Currently around 47.24, which is neutral. It suggests neither overbought nor oversold conditions.
  
   
• MACD: Momentum is turning negative, indicating weakening bullish pressure.
  
   
• Moving Averages: The 50-day simple moving average (SMA) is at $0.2066, while the 200-day SMA sits at $0.2298—slightly above current levels, indicating medium-term bearishness. However, the 3-day and 5-day SMAs suggest short-term buying interest.
  
   

Another indicator worth noting is the William Alligator, which appears to be “sleeping,” a technical term for low volatility. Historically, this precedes large price movements.

Also read: Algorand ($ALGO) Crypto Price Prediction 2025

ALGO’s Price Patterns and Market Sentiment

Analysts also point to a forming inverse head-and-shoulders pattern on the daily chart, which is a classic bullish reversal formation. If ALGO breaks the neckline resistance near $0.31 with strong volume, this could ignite a new upward trend.

ALGO to USDT via Bitrue Market

Meanwhile, the Fear and Greed Index leans toward “greed,” suggesting market sentiment is optimistic despite recent pullbacks.

ALGO Fundamentals: What’s Happening Behind the Scenes?

Despite promising technical signals, ALGO has faced some fundamental setbacks. A major one is FIFA’s decision to leave Algorand for its own EVM-compatible chain. This is a blow to ALGO’s aspirations to dominate the digital collectibles market. 

Yet, this doesn’t overshadow Algorand’s broader potential in DeFi, real-world assets (RWAs), and Layer 1 innovation.

Algorand is one of the few blockchains to offer pure proof-of-stake (PPoS), which provides better scalability and energy efficiency. 

It can process over 6,000 transactions per second with finality under 4 seconds—outperforming many competitors in speed and cost-effectiveness.

Another bullish factor: Algorand has been used in real-world applications, including CBDC (central bank digital currency) experiments in countries like the Marshall Islands and Italy, according to Messari and CoinDesk reports.

Also read: How Algorand is Revolutionizing Real Estate: Own a Fraction of Properties with Lofty

Algorand’s TVL and Ecosystem Activity

According to DefiLlama, Algorand’s Total Value Locked (TVL) has been stagnant at around $45 million. 

While not massive compared to giants like Ethereum or Solana, ALGO’s ecosystem still includes decentralized exchanges (DEXs), NFT platforms, and lending protocols. A surge in developer activity or user adoption could serve as a catalyst for growth.

Also read: How to Buy Algorand (ALGO)

Can ALGO Reach $1 or $10?

While $1 is a realistic long-term target, especially by 2028, a move to $10 would require significant market shifts—likely a bull market, major partnerships, and a substantial rise in ecosystem use. ALGO’s all-time high was $3.28 in June 2019, meaning a return to that level alone would require over 1,400% gains.

However, investors should note that ALGO has strong tokenomics, with a circulating supply of 8.6 billion coins and a capped maximum supply of 10 billion. These fundamentals support the potential for long-term price growth.

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Conclusion: ALGO at a Turning Point

Algorand’s current chart setup, technical indicators, and blockchain fundamentals suggest it is at a pivotal point. While short-term movement may be volatile, the medium- to long-term outlook could shift bullish if ALGO can clear the $0.32 resistance level.

If Algorand continues building real-world partnerships, expanding its ecosystem, and attracting developers, the $1 milestone is certainly achievable within a few years. 

For now, traders should watch the $0.16 support and $0.32 resistance zones closely.

FAQ

What is the current trend for Algorand (ALGO)?

Algorand has recently broken out of a falling trend channel, signaling a potential bullish reversal in the medium term. However, it still faces resistance around $0.32.

Can Algorand (ALGO) reach $1?

While unlikely in the short term, ALGO could realistically reach $1 by 2028 if the ecosystem sees greater adoption and the crypto market enters another bull cycle.

Why did FIFA leave the Algorand platform?

FIFA Collect moved away from Algorand to launch its own Ethereum Virtual Machine (EVM)-compatible blockchain, likely aiming for broader compatibility and control over its infrastructure.

Is Algorand a good long-term investment?

Algorand’s strong fundamentals, fast transaction speeds, and growing real-world use cases make it a promising long-term project, though market conditions and adoption will play key roles in its performance.