The post ALGO Price Prediction: Targeting $0.29-$0.34 Resistance Zone Within 4 Weeks appeared on BitcoinEthereumNews.com.

Alvin Lang
Sep 06, 2025 07:54

ALGO price prediction shows potential 26-48% upside to $0.29-$0.34 resistance zone as technical indicators suggest oversold bounce from current $0.23 support level.

Algorand (ALGO) is currently trading at a critical juncture at $0.23, presenting both opportunity and risk for traders. Our comprehensive ALGO price prediction analysis suggests the cryptocurrency is positioned for a potential 26-48% rally toward key resistance levels, though several technical hurdles must be cleared first. ALGO Price Prediction Summary • ALGO short-term target (1 week): $0.26 (+13% from current levels) • Algorand medium-term forecast (1 month): $0.29-$0.34 range (+26% to +48%) • Key level to break for bullish continuation: $0.2571 (immediate) and $0.28 (confirmation) • Critical support if bearish: $0.22 (strong support coinciding with SMA 200) Recent Algorand Price Predictions from Analysts The latest ALGO price prediction from multiple analysts shows remarkable consensus around the $0.29-$0.34 target zone. Blockchain.News has set an ambitious ALGO price target of $0.34, representing a 48% upside potential from current levels. This aligns closely with Tradersunion.com’s medium-term projection of $0.3777, while Cryptopredictions.com offers a more conservative $0.3396 target. The Algorand forecast from CoinLore focuses on immediate resistance at $0.2592, contingent on ALGO closing above the critical $0.2571 level. This near-term target serves as a stepping stone toward the broader analyst consensus range. Most intriguingly, Benzinga’s long-term ALGO price prediction extends to $0.812 by 2030, suggesting sustained institutional confidence in Algorand’s blockchain technology fundamentals. ALGO Technical Analysis: Setting Up for Oversold Bounce The current Algorand technical analysis reveals a cryptocurrency trading near oversold territory with several bullish divergences emerging. ALGO’s RSI of 41.63 sits in neutral territory but approaching oversold levels, while the Stochastic indicators (%K: 9.21, %D: 10.25) are deeply oversold, historically signaling potential reversal points. The MACD…

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Filed under: News - @ September 6, 2025 6:26 pm