Algorand ALGO Eyes $0.34 Breakout as Technical Momentum Builds

[TRADE_PLUGIN]ALGOUSDT,ALGOUSDT[/TRADE_PLUGIN] Algorand ALGO News - Algorand's ALGO is showing strong potential for a bullish breakout, with analysts projecting a move to $0.34 from its current $0.26 level. The $0.29 resistance remains crucial for maintaining upward momentum, while support at $0.23 must hold to prevent further downside. Technical indicators support the bullish outlook, including a descending triangle breakout and consistent support above the 200-day EMA. Price targets from leading analysts include CoinPedia's $0.34 projection by August 31, WalletInvestor's AI model suggesting $0.354, and Changelly's more conservative $0.312 estimate—representing 20-35% upside potential. This convergence of predictions highlights growing confidence in ALGO's near-term trajectory, with a successful breakout potentially opening the door to the $0.34-$0.38 range.