As of August 3, 2025, Algorand (ALGO) is trading at approximately $0.172, posting a modest 1.3% daily gain. After weeks of consolidation below $0.17, ALGO is attempting to break out amid rising optimism around blockchain sustainability and DeFi applications powered by Algorand’s fast and carbon-neutral protocol.
In this article, we will look at algo crypto next target along with latest news.
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Algorand Crypto Next Target
- Current Price: ~$0.172
- 24h Change: +1.3%
- 24h Range: $0.167 – $0.174
- Market Cap: ~$1.38 billion
- 24h Trading Volume: ~$57 million
- Circulating Supply: ~8.02 billion ALGO
- Total Supply: 10 billion ALGO
Price had a breakout from Channel Down pattern and above 200 SMA, which signaled a bullish trend reversal to Uptrend. Pullback to $0.22 – $0.24 support zone could be an attractive swing trade entry with +30% potential upside back to $0.30 thereafter.
Technical Analysis
- Trend: ALGO is in a short-term uptrend after reclaiming the $0.17 level.
- Resistance Levels: $0.176, $0.185, $0.20
- Support Levels: $0.165 and $0.154
- Indicators: RSI is near 53, suggesting neutral-to-bullish momentum. MACD recently flipped positive.
- Volume Trend: Gradual increase in daily volume over the last 5 days hints at rising trader interest.
On-Chain and Fundamental Factors
- Green Blockchain Narrative: Algorand continues to attract eco-conscious developers due to its low energy consumption and carbon-negative operations.
- Partnerships in Africa and LATAM: Governments and NGOs are using Algorand for digital identity and land registry pilots, supporting long-term utility.
- DeFi Revival: Algofi’s reboot and recent liquidity injection are bringing users back to Algorand’s DeFi ecosystem.
- Community DAO Launch: A new governance DAO to manage treasury and grants was launched, enhancing decentralization and community trust.
ALGO Price Forecast
- Short-Term (August): ALGO could revisit $0.185 if it sustains above $0.17
- Mid-Term (Q3 2025): A break past $0.20 would confirm bullish reversal, potentially targeting $0.24
- Year-End Target: Conservative estimates put ALGO in the $0.25 – $0.30 range by end of 2025
Summary
Algorand is showing early signs of recovery as interest grows in eco-friendly blockchains and real-world adoption stories gain traction. Though still far from its all-time highs, the project remains fundamentally strong and is gradually rebuilding momentum. Traders are eyeing a potential breakout above $0.176 for confirmation of a new uptrend.
- Short-Term Sentiment: Cautiously Bullish
- Long-Term Sentiment: Positive
- Risk Level: Moderate due to low price base and sensitivity to broader altcoin market conditions
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