Algorand price prediction: Further downside likely as ALGO remains under heavy selling pressure

Traders Union
All News
Crypto News
Algorand drops 7.29% today to $0.0929

Highlights

Algorand (ALGO) is trading at $0.0929, well below its MA-20 ($0.1143), MA-50 ($0.1203), and MA-200 ($0.1835), signifying persistent seller control across all timeframes.
Momentum indicators, including MACD, ADX, and negative Bull/Bear Power, confirm a strong bearish trend, with both RSI and Stochastic RSI showing ALGO is heavily oversold.
ALGO is likely to consolidate within a volatile $0.0820–$0.1030 range over the next five days, with over 80% probability of continued downside unless the $0.1144 resistance is decisively breached.

Bearish momentum confirmed as oversold signals fail to spark reversal

The nearest dynamic resistance for ALGO is the Ichimoku Kijun at $0.1144, while no Ichimoku support is defined at current levels. Technical studies confirm pronounced bearish momentum: the MACD signals a continued downturn and a moderately strong ADX reading highlights the strength of this trend. Both the RSI and CCI show ALGO as oversold, with the Stochastic RSI at its lowest level, reflecting intense recent selling and a possible setup for a rebound, though currently no actual reversal is apparent. Intraday indicators — including negative Bull/Bear Power and confirmation from the Awesome Oscillator — reinforce the predominance of sellers, as price rebounded from a session low of $0.0812 but continues to trade with a heavy tone after a sharp opening drop.

High downside risk persists as volatility bands frame limited rebound potential

Over the next five trading days, ALGO is expected to fluctuate within a typical volatility band between $0.0820 and $0.1030. The likelihood of additional price erosion remains high, with a probability above 80%, while the prospects for a sustained rebound are limited. The most probable scenario is sideways consolidation in this range as oversold readings temporarily slow new selling. A bullish shift would require a breakout above the $0.1144 resistance, which current technicals do not support, while a downside move below $0.0820 could extend the multi-timeframe downtrend.

Anton Kharitonov, expert at Traders Union, sees a clear technical dominance by sellers in Algorand after the recent sharp decline. He notes deep oversold conditions, but emphasizes that key resistance at $0.1144 remains unchallenged. The analyst maintains a cautious outlook with expectations for sideways consolidation and a risk of fresh lows unless the range breaks to the upside. "Base case remains further weakness as long as ALGO trades below the Kijun resistance — I see no reason to expect a bullish reversal yet."

Last time, analysts noted that Algorand continues to trade below all major moving averages with persistent bearish momentum, as indicated by negative MACD, low RSI, and oversold CCI readings. The asset faces resistance near $0.1178 and limited support around $0.1000, with technical signals suggesting further downside and low odds of a near-term rebound.

Source of Data: ALGO Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.