The post Algorand Price Nears Critical Support Zone appeared on BitcoinEthereumNews.com.

Altcoin Analysis Algorand (ALGO) is trading near $0.234, showing mild weakness after slipping 1.43% in the past 24 hours. The daily chart reveals that ALGO has been moving sideways since late August, with the Relative Strength Index (RSI) hovering near neutral levels around 46, suggesting a balance between buying and selling pressure. Market analyst Ali has highlighted $0.22 as a critical support zone. In his latest chart analysis, he noted that as long as ALGO defends this level, the possibility of a rally toward $0.29 remains intact. The projection outlines a potential rebound first toward the $0.25 – $0.26 range before testing higher resistance levels near $0.29. This comes after ALGO struggled to sustain momentum from its July recovery, when it briefly spiked above $0.35 before sliding back into a consolidation range. With the market now stabilizing, traders are closely watching whether $0.22 can act as a launchpad for a new upward move. If buyers fail to defend the support, however, a deeper correction toward $0.21 could come into play, weakening the bullish scenario. For now, ALGO sits at a crossroads, with the next few sessions likely to determine whether it breaks back into a positive trend or faces extended pressure. The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. Author Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.…

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Filed under: News - @ September 17, 2025 5:32 pm