Algorand (ALGO) 2025 Blockchain Milestones Can’t Stop the Bleeding: Why the Downtrend Persists
Algorand hits its 2025 technical targets, but the market just shrugs. The token keeps sliding—proving once again that in crypto, good tech doesn't always mean good returns.
The Protocol's Progress
State proofs went live, cross-chain comms got a boost, and transaction finality is now measured in seconds. The network's doing exactly what the roadmap promised. Developers are building, the foundation is funding—the blockchain itself is a feat of engineering.
The Price Problem
Meanwhile, ALGO's chart tells a different story. Each upgrade, each partnership announcement, gets met with another leg down. It's the classic crypto conundrum: you can build the perfect decentralized ledger, but you can't build demand.
A Market Out of Sync
This divergence cuts to the heart of crypto investing. Fundamentals? Check. Tokenomics? Overhauled. Use case? Stronger than ever. The market's response? A collective 'meh.' It's enough to make you wonder if traders are even reading the whitepapers anymore, or just following the last green candle on their screens.
So Algorand keeps building for the long term, while traders chase the next shiny meme coin. The blockchain achieves its milestones; the token just achieves new lows. In the end, the most decentralized thing about crypto might be the complete disconnect between a project's tech and its market price.
ALGO Elliott Wave Signals New Lows Ahead
Furthermore, the data from More crypto Online highlighted that the Algorand market continues to face sustained bearish pressure, with price moving lower over higher time frames.
Technical analysis shows a likely retest of historical demand levels, especially in August 2023 and August 2024, which were recorded at $0.087-$0.097. Ever since this market cycle began, market expectations have remained tempered because technical levels have prevented a MOVE towards all-time highs.
On a larger technical and Elliott Wave analysis, the decline is still intact. ALGO established a three-wave uptrend to the highs in 2021, culminating in a definite five-wave decline to the August 2023 lows. The subsequent uptrend to highs in December 2024 seems to be corrective, with indications that the market may be embarking on a strong third-wave downtrend, which could lead to new all-time lows.
Source: More Crypto Online
Although a bounce might be expected in a corrective move, the setup for a positive change is not strong yet. The price will have to regain access to the $0.176 to $0.27 level to make a revival story feasible, with a move towards December 2024 highs being an indication of this. ALGO, without a local bottom in sight, continues to be in a falling knife mode.
Also Read: Algorand (ALGO) Price Outlook: Will Strong Support Drive a Rebound to $0.33?
