Algorand (ALGO) Holds Above $0.2380 as Weekly Outlook Targets $0.3350 and Beyond

Algorand (ALGO) is on the price of $0.2611, with an increase of 5.4 percent recorded in the last 24 hours, and is currently above the weekly pivot of $0.2380

The targets on the upside of the token are at a price of $0.3350, $0.4000, and $0.4950, which matches the higher price points across the board.

The 24-hour range of ALO exhibits support at $0.2402 and resistance at 0.2688, with a volume of 266.1 million.

Algorand (ALGO) has remained resilient above its weekly pivot level, with its upward targets in view. A 5.4% rise in 24 hours has boosted the cryptocurrency to the current price of $0.2611. The day range is between the support level of $0.2402 and a resistance level of $0.2688. Through this positioning, ALGO continues to reflect movement in line with weekly goals.

Weekly Key Level and Market Structure

The weekly key level sits around $0.2380, a price point that has consistently acted as a reference for market direction. Holding above this level has kept ALGO in range for potential upward momentum. Price activity over recent sessions shows a pattern of resilience, with consistent closes above the weekly threshold. This suggests that the token remains positioned for potential attempts toward higher trading zones.

Market Outlines Key Upside Targets as Support Remains Firm

The market has identified clear upside targets following the sustained support. The first target lies at $0.3350, which reflects the nearest major resistance zone above the current range

A move beyond this level would put the second target at $0.4000 into view. The third target stands at $0.4950, which is the highest outlined objective in the current technical framework. These levels remain dependent on price stability above the weekly key level.

ALGO Maintains Narrow Range as Momentum Builds

In the shorter time frame, ALGO trades within a narrow 24-hour range, marked by $0.2402 support and $0.2688 resistance. The recent gain of 5.4 % reflects the dynamism experienced in this bracket, and volume has fluctuated considerably at 266.1 million. Moreover, ALGO is also showing a 2.9% increase against Bitcoin over the same timeframe, further signaling the positive market-wide trends. This formation relates to the weekly perspective, where the support holds, and higher prices are still technically valid.

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