Algorand Eyes Breakout as Accumulation Nears End, Analyst Says
Algorand ($ALGO) may be entering a pivotal accumulation phase ahead of a new upward breakout, according to analyst Michaël van de Poppe. The blockchain’s focus on instant finality—where transactions are confirmed instantly—positions it as a leading contender for scalability and real-world adoption.
Van de Poppe emphasized that Algorand’s architecture enables rapid transaction processing, which is essential for applications in DeFi, retail payments, and global blockchain infrastructure.
“If you’re at a shop and need to wait in line for a payment, a 5-second delay instead of 1 can seriously affect user experience,” he explained. That’s why instant finality is key for building efficient and scalable systems.
Technically, the ALGO/USDT chart reveals a classic cyclical pattern, where the asset has returned to its previous base—a common occurrence in crypto cycles. The analyst points out that the 1.618 Fibonacci extension level acted as a target in the previous run, and a similar move could push ALGO toward the $1 mark in the next leg up.
Currently, ALGO trades near $0.10, within a clearly defined accumulation zone. The previous rally peaked around $0.45, aligning closely with the 1.618 Fibonacci level.
A breakout from the current consolidation range could mirror past cycle behavior, with the next target potentially near $1 based on technical projections.
If fundamental growth continues and adoption of Algorand-based apps accelerates, the market may witness a sustained shift from consolidation into a bullish breakout.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
