Algorand Holds Firm as ALGO Retests Long-Term Bullish Trendline After Market Turbulence

Algorand (ALGO) has reclaimed pre-dump levels and remains stable, respecting its long-term ascending trendline that has supported multiple rebounds.

The $0.19–$0.21 zone continues to act as a critical support region, attracting strong buyer interest and sustaining Algorand’s technical structure.

Technical indicators show reduced volatility and potential momentum shift, positioning ALGO for a possible rebound toward the $0.30–$0.34 range.

Algorand (ALGO) continues to demonstrate technical resilience amid broader market weakness, retesting a key bullish trendline that has supported multiple rebound phases since mid-2024.

Algorand Holds Firm Amid Market Volatility

Despite the widespread decline following the recent “Trump-tariff dump,” Algorand has shown relative strength, recovering to pre-dump levels where many altcoins faltered. According to @CryptosBatman, few assets managed to reclaim these levels, but “$ALGO did.” The tweet emphasizes the coin’s ability to remain steady around a vital support zone, a technical sign of underlying market confidence.

The weekly structure reflects this strength clearly. Since mid-2024, Algorand has respected its long-term ascending trendline, forming consistent higher lows across major market pullbacks. Each touch of this trendline previously led to strong rallies — first in late 2024 and again during mid-2025. This pattern of recovery reinforces ALGO’s ongoing structural support even in uncertain market conditions.

Currently, the cryptocurrency trades near $0.19–$0.21, aligning with the same demand area that launched its last two upward movements. Analysts regard this zone as a confluence of technical and psychological support, indicating a potential area for renewed accumulation.

Technical Indicators Suggest Exhaustion but Caution Persists

On the daily chart, Algorand is consolidating near $0.177, hovering close to the lower Bollinger Band ($0.175). This positioning often signals price exhaustion, though current trends show persistent selling pressure. A sharp selloff on heavy volume has recently transitioned into reduced activity, implying that volatility is easing.

The 20-day moving average, positioned around $0.208, now acts as a formidable resistance level. ALGO has repeatedly failed to close above this threshold, affirming continued control by sellers in the short term. The Relative Strength Index (RSI) stands near 36.4, below the neutral 50 mark, suggesting bearish momentum but edging closer to oversold territory — a condition that sometimes precedes short-term rebounds.

Immediate support remains at $0.175. A decisive move below this point could expose the token to a lower target near $0.15. However, a close above $0.21 could validate a recovery attempt, positioning ALGO to challenge the next resistance band between $0.24 and $0.30.

Resilience Positions Algorand for Potential Rebound

Market observers view Algorand’s repeated defense of its trendline as an indicator of resilience. The long wicks on recent candles show active buying interest at current levels, where buyers have absorbed sell pressure and maintained structural integrity. These formations often occur when smart money accumulates before a potential expansion phase.

If history repeats, ALGO could transition from consolidation to an upward phase targeting the $0.30–$0.34 range. This level corresponds with the last major reaction zone that previously marked the end of a correction cycle.

While many altcoins in the market remain underneath resistance, Algorand is one of the few that remains strong even over longer durations. Its ability to keep structure and stay resilient multiple times suggests that it’s primed for the next leg upward once market sentiment shifts.

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