Algorand Bullish: ALGO Could Reach $0.35–$0.42 in Two Weeks
I see ALGO consolidating around $0.26, but technical indicators point to a bullish breakout. I expect the price to reach the $0.35–$0.42 range within about two weeks, implying roughly 35–62% upside from current levels.
That said, consolidation can extend and invalidate the setup if sellers regain control, so I’ll size positions conservatively and use a clear stop below the $0.26 zone to manage risk.
Analysis
Recommendation
Buy with risk management: consider initiating a position on confirmation of breakout or on weakness near the consolidation, and place a stop below the $0.26 zone to limit downside.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.