🌟 Algorand Surges to 5-Month High 🚀 ALGO hit $0.29, its highest since March, after rallying 57% in 7 days. Currently at $0.27, it’s still up 80% from its YTD low. 📈 Network activity soared, with transactions jumping 30% to 5.8M and stablecoin supply rising 94% to $134M, mostly in USDC. 💰
🏠 Real-World Adoption & Analyst Targets 🔥 Real-world tokenization on Algorand grows, with Lofty’s TVL surpassing $89M. Analysts see more upside; Ali Martinez predicts a breakout could push ALGO another 55% to $0.42 if it retests $0.258 support. 🎯 ALGO trades in a multi-month parallel channel, signalling potential for a massive bullish wave ahead. 🌊
📊 Technical Indicators Stay Bullish ✅ A double-bottom breakout above $0.2604 strengthens the trend reversal. 📊 ALGO also trades above its 50 & 100-day EMAs, with RSI and MACD showing strong upward momentum. 🔥 Next target? Break $0.32 resistance to reach the 61.8% Fibonacci level at $0.3642. 🚀
$ALGO may reach .30 cents mark within few days in my opinion and easily reach upto its recent .60 cent to $1 region as btc progress to make another ATH (all time high) with in this June or July. What do you think about $ALGO ? how high can it get ?