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<p>The X account More Crypto Online shared a clear 4‑hour chart on Algorand (ALGO/USD, Coinbase). The message is direct: the price is still heading toward the micro support zone defined between $0.0878 and $0.106. The correction looks unfinished, so a further decline may come first.</p>
<p>We had a look at the chart and the structure shows a completed (A)(1) wave up followed by a (B)(2) pullback. The Fibonacci retracement levels are drawn from the low near $0.0620 up to the high around $0.1900. Key levels: 38.20% at $0.1060, 50.00% at $0.1003, 61.80% at $0.0950, and 78.60% at $0.0878.</p>
<p><a href="https://captainaltcoin.com/algorand-algo-price-prediction-following-one-of-the-best-months-in-algorands-history/" rel="noopener noreferrer nofollow">The Algorand price is currently near </a>$0.1109, just above the 38.20% level. The analyst expects the decline to continue into the $0.0878‑$0.106 zone before any meaningful bounce. The wave count indicates the correction is still in progress, not complete.</p>
<p>Support at $0.0878 aligns with the 78.60% retracement; a deep but historically common pullback zone. Below that, $0.0840, $0.0780, and $0.0720 appear as additional downside levels if the correction extends further. Resistance above sits at $0.1200, then $0.1300‑$0.1400.</p>
<figure class="wp-block-image aligncenter size-large"><img width="1024" height="554" src="https://captainaltcoin.com/wp-content/uploads/2026/04/image-650-1024x554.png" alt="">
 <figcaption><strong>Source: <a href="https://x.com/Morecryptoonl/status/2042716872420827427?s=20" rel="noopener noreferrer nofollow">X/@Morecryptoonl</a></strong>
 </figcaption>
</figure>
<p>The RSI is not shown but price action alone confirms lower highs and lower lows on the 4‑hour timeframe. More Crypto Online’s call is straightforward: the micro support zone will be tested, and the correction needs more time or lower prices to finish.</p>
<h2 class="wp-block-heading" id="latest-algorand-news">Latest Algorand News</h2>
<p><strong>Capital Rotation Phase Favors ALGO</strong>&nbsp;– <a href="https://captainaltcoin.com/is-bitcoin-still-a-safe-haven-in-2026-or-has-that-changed/" rel="noopener noreferrer nofollow">As Bitcoin tested</a> $72,000, the broader market entered a potential rotation phase. Algorand stood out with a 31.8% gain against Bitcoin’s 4.5% over a recent period. The Altcoin Season Index remains at 43, well below the 75 threshold, meaning selective outperformance rather than a full market frenzy.</p>
<p>For ALGO, this is bullish because it signals early capital rotation into fundamentally sound projects during a market shift. Its performance indicates institutional radars are tracking Algorand. Sustained gains, however, require a confirmed breakout in the Ethereum/BTC pair and a drop in Bitcoin dominance below 60%.</p>
<p><strong>CEO Highlights Quantum‑Resistant Edge</strong>&nbsp;– In an April 10, 2026 interview, Algorand Foundation CEO Staci Warden discussed growing institutional confidence in crypto. She highlighted that Algorand is designed to be quantum‑resistant, a feature that gained serious attention after a Google research paper led to a ~40% price bump for ALGO.</p>
<p>This is bullish because it positions Algorand as a forward‑looking solution to a critical future threat – quantum decryption. That technological edge enhances Algorand’s appeal for long‑term, security‑conscious institutional adoption.</p>
<p>key levels to watch for ALGO based on the 4‑hour chart and More Crypto Online’s analysis.</p>
<h2 class="wp-block-heading" id="algorand-price-key-levels-to-watch">Algorand Price: Key Levels to Watch:</h2>
<figure class="wp-block-table table1">
 <table class="has-fixed-layout">
  <thead>
   <tr>
    <th>Category</th>
    <th>Level (USD)</th>
    <th>Description</th>
   </tr>
  </thead>
  <tbody>
   <tr>
    <td><strong>Micro Support Zone</strong></td>
    <td>$0.0878 – $0.106</td>
    <td>The target zone for the unfinished correction. Contains multiple Fibonacci levels.</td>
   </tr>
   <tr>
    <td>Deep Support</td>
    <td>$0.0878</td>
    <td>78.60% Fibonacci retracement – lower bound of micro support zone.</td>
   </tr>
   <tr>
    <td>Mid Support</td>
    <td>$0.0840</td>
    <td>Next level below 78.60% if correction extends further.</td>
   </tr>
   <tr>
    <td>Lower Support</td>
    <td>$0.0780</td>
    <td>Additional downside level.</td>
   </tr>
   <tr>
    <td>Critical Support</td>
    <td>$0.0720 – $0.0620</td>
    <td>Range of the previous low (wave (A)(1) start).</td>
   </tr>
   <tr>
    <td>Immediate Resistance</td>
    <td>$0.1200</td>
    <td>First upside hurdle after a bounce from support.</td>
   </tr>
   <tr>
    <td>Resistance Zone</td>
    <td>$0.1300 – $0.1400</td>
    <td>Previous consolidation area and wave (B)(2) high region.</td>
   </tr>
   <tr>
    <td>Major Resistance</td>
    <td>$0.1500 – $0.1700 – $0.1900</td>
    <td>Higher resistance levels leading to the recent peak near $0.1900.</td>
   </tr>
   <tr>
    <td>Fibonacci Retracement</td>
    <td>$0.1060</td>
    <td>38.20% retracement (upper edge of micro support zone).</td>
   </tr>
   <tr>
    <td>Fibonacci Retracement</td>
    <td>$0.1003</td>
    <td>50.00% retracement.</td>
   </tr>
   <tr>
    <td>Fibonacci Retracement</td>
    <td>$0.0950</td>
    <td>61.80% retracement.</td>
   </tr>
  </tbody>
 </table>
</figure>
<p>These levels define the correction range and the breakout zones for the next move.</p>
<p><em><span><strong>Read also: <a href="https://captainaltcoin.com/algorand-algo-price-prediction-key-levels-to-watch-as-a-pullback-looms/" rel="noopener noreferrer nofollow">Algorand (ALGO) Price Prediction:&nbsp;Key Levels to Watch as a Pullback Looms</a></strong></span></em></p>
<p><em><strong>Subscribe to <a href="https://www.youtube.com/@Captain-Altcoin" rel="noopener noreferrer nofollow">our YouTube channel</a> for daily crypto updates, market insights, and expert analysis.</strong></em></p>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"><iframe title="2026 Crypto Card Ranking — Massive CHANGES Nobody Expected!" src="https://www.youtube.com/embed/gVOD-NjXLDo?feature=oembed" sandbox="allow-scripts allow-same-origin allow-popups allow-forms"></iframe>
 </div>
</figure>
<p>The post <a href="https://captainaltcoin.com/algo-price-analysis-correction-still-unfinished-but-algorands-quantum-resistant-edge-could-fuel-another-pump/" rel="noopener noreferrer nofollow">ALGO Price Analysis: Correction Still Unfinished, But Algorand’s Quantum‑Resistant Edge Could Fuel Another Pump</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

ALGO Price Analysis: Correction Still Unfinished, But Algorand’s Quantum‑Resistant Edge Could Fuel Another Pump

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