{"id":15111,"date":"2025-08-20T13:09:21","date_gmt":"2025-08-20T12:09:21","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=15111"},"modified":"2025-08-21T15:20:56","modified_gmt":"2025-08-21T14:20:56","slug":"top-reasons-why-algo-price-could-surge-coming-days","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/top-reasons-why-algo-price-could-surge-coming-days\/","title":{"rendered":"Top reasons why ALGO price could surge in the coming days"},"content":{"rendered":"\n

ALGO: Resilience amid market volatility<\/h2>\n\n\n\n

The cryptocurrency market is currently experiencing a period of turbulence<\/strong>, with significant declines across key assets like Ethereum<\/a> (ETH), which has dropped 9%<\/strong> in a week, reaching $4,175<\/strong>. This downward trend has also impacted major altcoins, including Algo<\/a><\/strong>.<\/p>\n\n\n\n

Although it shows an 11%<\/strong> decline over the past week, a deeper analysis reveals the discreet formation of a bullish harmonic pattern on its daily chart. This technical signal hints at a potential rebound<\/strong> for this resilient<\/strong> cryptocurrency.<\/p>\n\n\n\n

On the daily chart, we can observe the formation of a Gartley harmonic pattern. While the term “Gartley” typically suggests a bearish scenario<\/strong>, the final stage of this model (the CD leg) often triggers a bullish continuation<\/strong> when the price extends into the Potential Reversal Zone (PRZ).<\/p>\n\n\n

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

An opportunity worth monitoring closely<\/h2>\n\n\n\n

The pattern began at point X ($0.2236)<\/strong>, dropped to point A<\/strong>, rallied back to point B<\/strong>, then corrected towards point C<\/strong> around $0.2372<\/strong>. Since then, ALGO has started to show signs of resilience<\/strong>, now trading around $0.2433<\/strong>. While confirmation of a sustainable rebound is still developing, this represents an encouraging signal for investors.<\/p>\n\n\n\n

If buyers defend the support at C ($0.2372)<\/strong> and push the price above the 100-day moving average ($0.2567)<\/strong>, it could reach the Potential Reversal Zone, between $0.3097 and $0.3331<\/strong>. This level corresponds to the Fibonacci extension and constitutes a strategic area for a potential rebound.<\/p>\n\n\n\n

Conversely, failure to maintain $0.2372<\/strong> would weaken the technical structure, delaying confirmation of the CD leg and exposing ALGO to further temporary declines<\/strong>. In this volatile market context, the Gartley harmonic formation and solid support levels make it a cryptocurrency worth watching<\/strong>, offering interesting bullish potential<\/strong> for attentive investors.<\/p>\n\n\n

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

How to buy Algorand on Bitget<\/h2>\n\n\n\n

This cryptocurrency offers interesting upside potential<\/strong> for attentive investors. Take advantage of ALGO now on Bitget:<\/p>\n\n\n\n