Algorand ALGO Price Eyes $0.34 Breakout as Bullish Momentum Builds

Algorand (ALGO) is showing strong signs of a potential breakout, with technical analysis indicating a possible 48% surge toward the $0.34 resistance level by October 2025. The cryptocurrency is currently trading at $0.23, finding solid support at the $0.22 level—a critical floor that has held strong despite recent market volatility.

Analyst consensus reflects a moderately bullish outlook. CoinLore projects an immediate target of $0.2592 once the $0.2571 resistance is breached, while TradersUnion.com forecasts a medium-term trading range between $0.3399 and $0.4154 for September. CryptoPredictions.com aligns with this optimistic view, citing historical patterns that support a $0.3396 price target.

The broader narrative centers on ALGO's consolidation phase—a classic spring-coil setup suggesting accumulated energy for significant upward movement. Market structure strongly favors buyers, with the $0.22 support zone acting as a reliable launchpad for the next leg higher. Patience remains crucial as the asset continues building momentum for what could be a sustained rally toward key resistance levels.