DeFi

Algorand

Grayscale

<p>Algorand price may be approaching a trend reversal, with potential to rally toward $1 if it breaks above the 20-week MA on the weekly chart.</p>
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  <span>Summary</span>
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   <li>Algorand price remains in a downtrend, recently dipping below key support at $0.22 before bouncing back.</li>
   <li>A potential double-bottom could form at $0.20, with a breakout above $0.23 possibly driving a move toward $0.26–$0.27.</li>
   <li>Analyst Michaël van de Poppe says that a weekly chart breakout above the 20-week MA could trigger a broader rally toward $0.90–$1.00.</li>
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<p>Algorand (<a href="https://crypto.news/price/algorand/" rel="noopener noreferrer nofollow">ALGO</a>) price continues to extend its downtrend, consistently forming lower highs. The price has recently broken horizontal support around $0.22, dipping to $0.20 where buyers stepped in to scoop the dip, driving the <a href="https://crypto.news/altcoin-season-drags-despite-market-rebound-will-uptober-ignite-rally/" rel="noopener noreferrer nofollow">altcoin</a>‘s price back up to retest the $0.22 zone.</p>
<p>However, RSI readings hover around 46, underscoring a neutral-to-bearish bias that leaves room for further downside. Another potential retest of the $0.20 level appears likely, as that area now serves as the new local support.</p>
<p>If this support zone is tested again, it could set up a potential double-bottom pattern, with the neckline forming around $0.23. A confirmed breakout above this neckline could trigger a measured move toward $0.26–$0.27, potentially signaling the start of a trend reversal to the upside.</p>
<figure class="wp-block-image size-full">
 <img loading="lazy" width="2710" height="1356" src="https://media.crypto.news/2025/10/ALGOUSDT_2025-10-09_16-38-02.webp" alt="Algorand price could run towards $1 if this happens - 15">
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  Source: <a href="https://www.tradingview.com/chart/skYOuuO6/?symbol=BINANCE%3AALGOUSDT" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>
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<h2 class="wp-block-heading" id="micha-l-van-de-poppe-algorand-price-could-rally-to-1">Michaël van de Poppe: Algorand price could rally to $1</h2>
<p>Zooming out to the weekly chart, Algorand price appears to be sliding toward its historical accumulation base, according to analyst <a href="https://crypto.news/michael-van-de-poppe-thinks-bitcoin-could-hit-40k/" rel="noopener noreferrer nofollow">Michaël van de Poppe</a>. “It’s not unusual for a project to revisit its base — this tends to happen every cycle,” he wrote in a <a rel="noopener noreferrer nofollow" href="https://x.com/CryptoMichNL/status/1975924145897582749">recent post on X</a>.</p>
<p>van de Poppe suggests that a breakout above the 20-week moving average could signal a broader trend reversal for <a href="https://crypto.news/algorand-unveils-2025-26-roadmap-as-algo-price-risks-sliding-to-0-20/" rel="noopener noreferrer nofollow">ALGO</a> and potentially trigger a rally toward the $1 mark, in line with the 1.618 Fibonacci extension level near $0.90–$1.00.</p>
<figure class="wp-block-image size-full">
 <img loading="lazy" width="2278" height="1150" src="https://media.crypto.news/2025/10/Screenshot-2025-10-09-at-4.45.26-pm.webp" alt="Algorand price could run towards $1 if this happens - 16">
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  Source: <a rel="noopener noreferrer nofollow" href="https://x.com/CryptoMichNL/status/1975924145897582749">@CryptoMichNL</a>
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Algorand price could run towards $1 if this happens

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