Algorand (ALGO) Targets $0.2880 Resistance Following 5% Recovery Surge

Algorand's ALGO token shows resilience, currently trading at $0.27 with a 0.94% daily gain as bullish momentum builds. The recovery comes despite initial market concerns about Tether ending USDT support on Algorand's blockchain by September 2025—a development that ultimately triggered a 5.25% price surge as investors focused on the network's strategic shift toward real-world asset tokenization.

Technical indicators point to potential upside, with the RSI at a neutral 57.32. Traders are now eyeing the $0.2880 resistance level as Algorand positions itself to capitalize on the $18.9 trillion tokenized assets market. The foundation's proactive strategy appears to have outweighed stablecoin-related concerns, demonstrating growing institutional confidence in blockchain infrastructure solutions.