Algorand (ALGO) shows bullish momentum toward $0.1350 target

Algorand (ALGO) is exhibiting renewed bullish momentum following a breakout above several key technical resistance levels. After forming a bottom near $0.07300 in late summer, the price recently moved toward $0.11548, positioning itself above the 20, 50, 100, and 200 exponential moving averages on the daily timeframe.

Technical analyst Jesse Olsen noted that the current fractal structure suggests a potential move toward a supply zone, with price targets reaching as high as $0.1350. Beyond technical indicators, Algorand is seeing increased real-world utility through its expanding role in humanitarian payments and stablecoin adoption.