Algorand (ALGO) Rebounds to $0.25 as Market Shrugs Off Tether’s USDT Withdrawal Plan

Algorand (ALGO) has shown remarkable resilience, climbing back to $0.25 after an initial 6% dip following Tether's announcement to end USDT support on its blockchain by September 1, 2025. This recovery indicates sustained trader confidence in Algorand's core fundamentals despite short-term liquidity concerns.

Technical analysis presents a neutral outlook, with the Relative Strength Index (RSI) holding at 50.54. Market sentiment remains balanced, with bullish traders swiftly absorbing the initial sell pressure. The 5.25% bounce from intraday lows demonstrates underlying network strength.

Positive Q2 2025 network growth metrics released earlier this month appear to be countering the negative impact of Tether's decision. Continued ecosystem development remains a primary valuation driver for ALGO.