The post Algorand Price Gains Traction as Technicals Align with Policy Momentum appeared on BitcoinEthereumNews.com.

TLDR: Algorand (ALGO) holds support at $0.18 with a higher low, suggesting bullish accumulation. Price bounced from 0.618 Fib level, a key zone often linked to rally setups. Trading volume surges as ALGO clears downtrend and eyes $0.25 resistance. Algorand joins Blockchain Association, boosting its U.S. policy influence. Algorand is showing renewed strength following a period of consolidation, with traders watching closely for signs of a sustained breakout.  After retracing its earlier gains, the token now trades around a key support level and has formed a higher low. This pattern often indicates a shift in momentum, especially when backed by broader market optimism.  As trading volume increases and bullish signals emerge, the stage may be set for a fresh upward move. Market analysts are also pointing to Algorand’s growing involvement in U.S. crypto policy as a potential catalyst. Algorand Higher Low Formation Signals Strength The ALGO chart reveals a higher low near $0.18, suggesting buying interest is returning after a significant pullback.  Analysts say this price action often marks the end of a retracement phase.  $ALGO is such a beautiful chart. It’s making a higher low, after a full retrace from the previous rally. The upcoming rally will initiate a way higher price, as that’s during a bull run. Now, they joined the Blockchain Assocation and that’s bullish. Why? Through this,… pic.twitter.com/tuGS4uSzCY — Michaël van de Poppe (@CryptoMichNL) June 25, 2025 According to Michaël van de Poppe, this setup mirrors classic accumulation patterns that precede rallies during favorable market cycles. The retracement reached the 0.618 Fibonacci level, a widely-watched technical zone that often acts as a launchpad.  Volume surged during this period, a sign that institutional players or large wallets may be entering the market. Traders are now eyeing the 1.618 extension level near $0.47 as a potential upside target…

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Filed under: News - @ June 25, 2025 6:21 pm