Algorand (ALGO) is showing powerful bullish momentum on the daily chart. With the 9-day EMA sharply outpacing the 20-day EMA and the RSI moving into extreme overbought territory, momentum appears to be firmly in the hands of the bulls. MACD strength continues to rise, reflecting sustained buying pressure.

However, key resistance looms near the $0.291–$0.3025 range, just above a major bid wall at $0.283. A successful breakout above these levels could trigger a move toward the $0.3187 resistance zone. On the downside, support sits at $0.2668 and $0.2303, reinforced by large buy-side liquidity. Order book dynamics suggest the next major move could be swift depending on which wall gives way first.

This setup is one to watch closely for both breakout and pullback opportunities. Traders are keeping their eyes on the charts.

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Read the full analysis: www.ecoinimist.com/2025/07/14/algorand-price-bull-run-might-start