ALGO Price Prediction: Targeting $0.34 Breakout Within 2 Weeks as Technical Setup Strengthens
The post ALGO Price Prediction: Targeting $0.34 Breakout Within 2 Weeks as Technical Setup Strengthens appeared on BitcoinEthereumNews.com.
Luisa Crawford Aug 24, 2025 09:38 ALGO price prediction points to $0.34 target as analysts forecast bullish breakout from current $0.26 level, with key resistance at $0.29 critical for upward momentum. Algorand’s price action is setting up for a potential bullish breakout as multiple technical indicators align with recent analyst predictions. With ALGO trading at $0.26, the cryptocurrency appears positioned for a test of higher resistance levels, though key technical hurdles remain. ALGO Price Prediction Summary • ALGO short-term target (1 week): $0.31 (+19%) based on moving average convergence • Algorand medium-term forecast (1 month): $0.34-$0.38 range following breakout confirmation• Key level to break for bullish continuation: $0.29 immediate resistance • Critical support if bearish: $0.23 must hold to prevent deeper decline Recent Algorand Price Predictions from Analysts The recent Algorand forecast from multiple sources shows remarkable consistency in bullish sentiment. CoinPedia’s ALGO price prediction of $0.34 by August 31st represents the most aggressive target, citing a breakout from a descending triangle pattern and support above the 200-day EMA. This aligns with WalletInvestor’s AI-driven model projecting $0.354, while Changelly’s more conservative $0.312 target provides a realistic near-term milestone. The consensus among analysts suggests a 20-35% upside potential from current levels, with all three predictions falling within a tight range. This convergence indicates strong technical support for the bullish thesis, though the medium confidence levels across all forecasts suggest traders should remain cautious. ALGO Technical Analysis: Setting Up for Breakout The Algorand technical analysis reveals a compelling setup despite some mixed signals. ALGO’s current position at $0.26 sits precisely at the intersection of multiple moving averages (SMA 7, 20, and 50), creating a critical inflection point. The 200-day SMA at $0.22 has provided strong support, with the price maintaining a 18% premium above…
