Algorand (ALGO) Sets Sights On $0.50 As Bulls Return Post-Q2 Report
The post Algorand (ALGO) Sets Sights On $0.50 As Bulls Return Post-Q2 Report appeared on BitcoinEthereumNews.com.
Algorand sets sights on $0.50 as bulls return following Q2 transparency report release. ALGO shows 93.3% yearly gains with bullish technical patterns forming currently. Trader Ali identifies bull flag formation suggesting potential breakout toward higher levels. The Foundation’s quarterly report highlights strong network growth and ecosystem development metrics. ALGO Price Shows Potential To Hit $0.5 Algorand slid 2.1% over 24 hours at press time; weekly performance indicated a 7.4% decline, and the two-week business was under pressure. Monthly performance, however, was at 42.8% gains, indicating strong underlying demand. Price action tracks Algorand Foundation Q2 2025 transparency report publication. Market participants perceive the quarterly report as a testament to the progress in the ecosystem. Source: Ali Martinez on X Technical analyst Ali Martinez identified a bull flag pattern in ALGO charts. Ali’s analysis suggests a potential breakout to $0.50 price target if the pattern holds. Bull flags typically signal continuation of upward trends following consolidation periods. While writing, the price structure had turned negative after moving sideways. ALGO is helped by a broad-based crypto market rebound and increasing institutional demand. Quarterly reporting timing is also conducive to the creation of technical breakout setups. Algorand Foundation Releases Q2 2025 Transparency Report The Algorand Foundation published its Q2 2025 transparency report covering April through June. Transaction volume increased 7.5% quarter-over-quarter surpassing 3 billion transactions milestone in May. The network achieved record transaction volumes during the reporting period. Consensus staking grew 28.7% reaching 1.95 billion Algorand (ALGO) staked across the network. Community stake rose 51.0% while Foundation stake declined 17.0% indicating decentralization progress. Real-World Assets TVL expanded 12.7% showing momentum in tokenized asset adoption. The growth shows institutional interest in blockchain-based asset tokenization solutions. Contributors include Lofty, Meld Gold, and ASA.Gold driving sector expansion. TVL data from 2 2025 Transparency Report Foundation holdings decreased…
