📉 It seems that $ALGO is going through a critical phase technically and behaviorally, but the picture is not entirely bleak. Here’s an updated professional analysis based on the latest data for August 2025:
---
🔍 Current Technical Situation:
- Current price: $0.2259 with a daily decrease of -2.88%
- RSI at 63.79 indicates moderate momentum, but it is approaching the overbought zone
- MACD shows a bearish crossover on short time frames, reinforcing the likelihood of continued correction
- Moving Averages:
- 50-day: $0.2144 (upward)
- 200-day: $0.1851 (slowly upward)
📊 Price Forecast for August 2025:
Date Expected Price Potential Change
2 August $0.265 +2.25%
10 August $0.275 +6.11%
15 August $0.291 +12.28%
30 August $0.304 +17.3%
> The forecasts suggest a gradual recovery potentially reaching $0.30+ by the end of the month, if technical support is maintained and momentum continues.
📈 Sentiment and Institutional Behavior:
- Fear and Greed Index at 72 (Greed), reflecting relatively optimistic sentiment
- Algorand recorded 18 green days out of 30, with volatility of 19.83% over the past month
- Some analyses suggest that the price could reach $0.3255 by the end of August, an increase of approximately 15.67%
🧠 Conclusion:
Despite the bearish signals in the short term, the overall trend still holds a potential for moderate recovery. A break of support at $0.22 could open the door for further declines, but stability above $0.24–$0.26 could gradually restore confidence.
