ALGO Breaks Out of Falling Wedge – 400% Target Ahead?BINANCE:ALGOUSDT has consistently followed a bullish pattern on the weekly timeframe. Each major rally has been preceded by a falling wedge breakout, as shown by the three highlighted instances on the chart.
- First breakout: ~200%+ move
- Second breakout: ~300%+ move
- Current breakout projection
Related pairs
ALGO Swing Trade – Waiting for Pullback to Key SupportAfter a 100%+ surge, ALGO is now retracing and approaching a critical support zone. A dip into this area could offer a strong entry for the next leg higher.
📌 Trade Setup:
• Entry Zone: $0.22 – $0.23
• Take Profit Targets:
o 🥇 $0.28 – $0.33
o 🥈 $0.45 – $0.50
• Stop Loss: Just below $0.19
ALGOUSDT Forming Bullish Flag ALGOUSDT is currently trading inside a well-defined bullish Flag pattern on the 4-hour chart, a structure known for its bullish breakout potential. The price recently tested a significant demand zone, which previously acted as a base for a strong upward move earlier in July.
Key Points:
Bullish Fl
ALGOUSDT Break Downtrend – Reversal in Progress or Just a Retest📊 Technical Analysis Overview:
The Algorand (ALGO) / Tether (USDT) pair has shown a notable technical development by successfully breaking above a medium-term descending trendline that has acted as resistance since early 2025.
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🔍 Pattern & Structure:
A clean breakout above the descending tren
ALGO rejects at yOpen — Mapping High-Conviction Trade ZonesALGO has delivered an impressive +124% rally from $0.1518 to $0.336 in just 25 days, completing a 5-wave Elliott impulse right into the yearly open resistance.
We are now in a correction phase, and the current structure is showing a head and shoulders pattern, with the right shoulder currently form
#ALGO Moves of 3 trades in a single chart.#ALGO Moves of 3 trades in a single chart.
In this, the first trade represents a long position on a short-term time frame. Then, a short position can be opened for the retracement. After that, the final third move could be an upside move of more than 100%.
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ALGO | #1D — Building the Spot Position LowerALGO has completed its first local move and is now retracing toward key support levels. The price remains under the 200DMA and is heading into the first cluster of demand zones.
Step-by-Step Price Scenario:
Initial Support: Watch the 0.2413–0.2268 zone — this is the first area to scale in spot buy
Algorand (ALGO): Seeing Signs of RecoveryAlgorand has made a market structure break (MSB) on smaller timeframes, which is indicating a potential trend switch here.
Now in the current timeframe we are looking for a break of that 200 EMA, as once we see the buyers take full control over it, we will look for buyside movement so eyes on it!
ALGO – Finally Getting the Retrace
Back at EURONEXT:ALGO —missed the lows, but finally seeing the retrace I’ve been waiting for.
Should’ve entered alongside CRYPTOCAP:HBAR , but this is the next best spot.
If this level doesn’t hold, we’re likely heading back below 20c, and many alts could retrace their entire impulse moves.
S
ALGO Fighting in Support ZoneALGO sitting in support zone its not strong support zone with many price rejection in this price range from December 2022
But if this line break maybe we can heading to the greatest and strongest support zone around 0.09 like in June 2023 and ABCDE pattern completed then consolidate a while before n
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of Algorand/Tether (ALGO) is 0.2305 USDT — it has fallen −4.10% in the past 24 hours. Try placing this info into the context by checking out what coins are also gaining and losing at the moment and seeing ALGO price chart.
Algorand/Tether price has fallen by −14.99% over the last week, its month performance shows a 25.10% increase, and as for the last year, Algorand/Tether has increased by 85.74%. See more dynamics on ALGO price chart.
Keep track of coins' changes with our Crypto Coins Heatmap.
Keep track of coins' changes with our Crypto Coins Heatmap.
Algorand/Tether (ALGO) reached its highest price on Jun 21, 2019 — it amounted to 3.7900 USDT. Find more insights on the ALGO price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
Algorand/Tether (ALGO) reached the lowest price of 0.0818 USDT on Aug 17, 2023. View more Algorand/Tether dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The safest choice when buying ALGO is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade ALGO right from TradingView charts — just choose a broker and connect to your account.
Crypto markets are famous for their volatility, so one should study all the available stats before adding crypto assets to their portfolio. Very often it's technical analysis that comes in handy. We prepared technical ratings for Algorand/Tether (ALGO): today its technical analysis shows the neutral signal, and according to the 1 week rating ALGO shows the neutral signal. And you'd better dig deeper and study 1 month rating too — it's neutral. Find inspiration in Algorand/Tether trading ideas and keep track of what's moving crypto markets with our crypto news feed.
Algorand/Tether (ALGO) is just as reliable as any other crypto asset — this corner of the world market is highly volatile. Today, for instance, Algorand/Tether is estimated as 3.36% volatile. The only thing it means is that you must prepare and examine all available information before making a decision. And if you're not sure about Algorand/Tether, you can find more inspiration in our curated watchlists.
You can discuss Algorand/Tether (ALGO) with other users in our public chats, Minds or in the comments to Ideas.