Algorand Price Prediction: Can ALGO Rally Toward $0.138 After Consolidation Phase?
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Algorand (ALGO) has gained over 12% in 24 hours to trade near $0.1177 after rebounding from about $0.08 earlier this month, holding above key EMAs as bulls target a breakout above the $0.125 resistance. Daily trading volume is roughly $79 million and stabilizing spot flows, cooling leverage and neutral netflows indicate weakening selling pressure and a healthier recovery base that could propel ALGO toward $0.138.
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- ALGO holds above key EMAs as bulls target a breakout beyond the $0.125 barrier.
- Stabilizing spot flows suggest selling pressure weakens near ALGO’s recent lows.
- Cooling leverage and neutral netflows may support a healthier ALGO recovery base.
Algorand (ALGO) extended its recovery this week as buyers pushed the token above several short-term resistance levels. The asset gained more than 12% during the past 24 hours and continued building momentum after rebounding from the $0.08 region earlier this month.
Despite recent volatility across the broader crypto market, ALGO maintained a constructive technical structure while traders monitored whether bulls could force a larger breakout above the $0.125 barrier.
ALGO traded near $0.1177 during the latest session, while daily trading volume approached $79 million. Additionally, the market capitalization climbed above …
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