Buying Opportunity in Algorand: ALGO Crypto Next Target

Share IT

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 Algorandโ€™s fast and carbon-neutral protocol.

In this article, we will look at algo crypto next target along with latest news.

For on-demand analysis of any cryptocurrency, join ourย Telegram channel.

Algorand Crypto Next Target

  • Current Price: ~$0.172
  • 24h Change: +1.3%
  • 24h Range: $0.167 โ€“ $0.174
  • Market Cap: ~$1.38 billion
  • 24h Trading Volume: ~$57 million
  • Circulating Supply: ~8.02 billion ALGO
  • Total Supply: 10 billion ALGO
Algorand Crypto Next Target

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 โ€“ $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

For on-demand analysis of any cryptocurrency, join ourย Telegram channel.

Share IT
Harsh Panghal
Harsh Panghal

Get Daily Updates

Crypto News, NFTs and Market Updates

Can’t find what you’re looking for? Type below and hit enter!