Is Algorand (ALGO) About to Surge Higher? Chart Suggests a Reversal

The cryptocurrency market is grappling with a prolonged downturn, marked by Ethereum’s steepest quarterly decline since 2018. This negative trend has impacted altcoins, leading to widespread losses and investor uncertainty. Among the most affected tokens is Algorand (ALGO), which has seen a significant price drop so far in 2025. However, there’s a noteworthy development that suggests a potential bullish reversal for ALGO – its price action now resembles a familiar pattern observed in Cronos (CRO) before its explosive rally back in 2021.