🚨 $ALGO is facing an important test
The coin has successfully broken out of a falling wedge pattern on the weekly timeframe. Now, all eyes are on support at $0.105 to see whether the breakout holds. Reclaiming and holding above $0.1200 would also be very positive.
If the rebound is confirmed, potential targets are:
🎯 $0.126 – $0.145 – $0.162 – $0.210
On the development front, Algorand has processed more than 1.5 million transactions using quantum-resistant features, but achieving full quantum resistance is still targeted for 2027.
For me, the most important thing right now is holding above $0.105. Higher targets remain conditional on a confirmed rebound and are not guaranteed.
The coin has successfully broken out of a falling wedge pattern on the weekly timeframe. Now, all eyes are on support at $0.105 to see whether the breakout holds. Reclaiming and holding above $0.1200 would also be very positive.
If the rebound is confirmed, potential targets are:
🎯 $0.126 – $0.145 – $0.162 – $0.210
On the development front, Algorand has processed more than 1.5 million transactions using quantum-resistant features, but achieving full quantum resistance is still targeted for 2027.
For me, the most important thing right now is holding above $0.105. Higher targets remain conditional on a confirmed rebound and are not guaranteed.