#EthereumFuture

Algorand (ALGOUSD) extends its gains – Analysis – 25-04-2025 $ALGO

The price of Algorand - ALGORAND (ALGOUSD) has continued to rise during its recent trading at the momentary levels, breaking through the current resistance level of $0.2171, influenced by its earlier break of a downward trend line on the medium term, and supported by its ongoing trades above its simple moving average for the previous 50 days.

However, on the flip side, we notice the beginning of a negative crossover in the relative strength indicators, after reaching areas of extreme overbought conditions, which may curb its upcoming gains.

Therefore, our expectations indicate further upward movement for the price of the coin during its upcoming trades, especially as long as it remains above the price of $0.2171, aiming for the resistance level of $0.3100.

Expected trend for upcoming trades: Bullish