Algorand Price Breaks into Key Accumulation Zone

Algorand (ALGO) is revisiting its long-standing accumulation zone after months of slow decline. The current price is around $0.094, with major support between $0.079 and $0.087 intact.

The 2-day structure shows a slightly higher low and stable volume, indicating demand at these levels and respect for the $0.10 historical support. This setup suggests a favorable risk-to-reward ratio for swing traders in crypto and DeFi.

A breakout above $0.10 could target $0.1047, $0.1202, and $0.1455, while a weekly close below $0.0865 would weaken the bullish thesis.