Algorand ALGO Eyes $0.34 Breakout as Technical Indicators Turn Bullish
Algorand (ALGO) shows strong potential for a 25-30% price surge, with technical indicators signaling bullish momentum. Currently trading at $0.27, ALGO has broken above key moving averages, with analysts converging on a $0.34 target—representing a 25% upside from current levels.
Eight major prediction platforms have issued targets ranging from $0.304 to $0.76, though most cluster in the $0.34-$0.37 range. Changelly, Coinpedia, and DigitalCoinPrice align on this outlook, citing breakout patterns and moving average convergence. PricePredictions.com stands out with an aggressive $0.76 forecast, while The Bit Journal suggests possible consolidation between $0.17-$0.21—a scenario now deemed unlikely given ALGO's upward trajectory.