{"id":13843,"date":"2025-08-04T17:13:36","date_gmt":"2025-08-04T16:13:36","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=13843"},"modified":"2025-08-04T17:13:37","modified_gmt":"2025-08-04T16:13:37","slug":"is-it-time-for-algorand-algo-to-start-rising-again","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/is-it-time-for-algorand-algo-to-start-rising-again\/","title":{"rendered":"Is it Time for Algorand (ALGO) to Start Rising Again ?"},"content":{"rendered":"\n

Technical Analysis and Bullish Potential of Algorand (ALGO)<\/h2>\n\n\n\n

Algorand<\/a> (ALGO)<\/strong> could be on the verge of repeating a bullish fractal pattern<\/strong> that, in 2024, preceded a surge of 333%<\/strong>. By analyzing the daily chart<\/strong>, current technical signals suggest a potential new rally<\/strong> for this cryptocurrency<\/a>.<\/p>\n\n\n\n

The scenario<\/strong> unfolds in several stages : After breaking a large descending wedge, ALGO broke through a second tighter wedge, then reclaimed its 50 and 200-day moving averages<\/strong>. A slight correction<\/strong> brought it back to test the 200-day moving average<\/strong>, a behavior already observed before the 2024 rally<\/strong>.<\/p>\n\n\n\n

\"Algo
Source: Coinmarketcap<\/em><\/figcaption><\/figure>\n\n\n\n

Next Steps for ALGO<\/h2>\n\n\n\n

The key resistance<\/strong> to watch remains the 200-day moving average<\/strong>, currently around $0.2335<\/strong>. If this support holds firm and buyers take control, the bullish fractal<\/strong> could propel ALGO<\/strong> toward the ascending trendline<\/strong>, with a target near $1<\/strong> representing a potential gain of +300%<\/strong>. But beware : a decline<\/strong> below the moving averages could invalidate this scenario and reopen the path to downward pressure<\/strong>.<\/p>\n\n\n\n

Despite an environment that remains volatile<\/strong>, ALGO’s technical pattern inspires measured optimism<\/strong>. If the 200-day moving average<\/strong> continues to serve as solid support<\/strong>, conditions could be right for a spectacular recovery<\/strong>. Savvy investors would do well to keep a close eye on Algorand in the coming days.<\/p>\n\n\n\n

\"Algorand
Source: Tradingview<\/em><\/figcaption><\/figure>\n\n\n\n

How to buy Algorand (ALGO) on Bitget<\/strong><\/p>\n\n\n\n

If you missed the SEI rally, take advantage of ALGO’s potential rise now on Bitget<\/a> :<\/p>\n\n\n\n