Is Algorand Ready For a Breakout Surge? Chart Analysis Indicates Potential Upside

After Thursday’s market decline briefly impacted Bitcoin and Ethereum, the cryptocurrency market is showing signs of recovery. While BTC has regained levels near $106,000, ETH has rebounded to around $2,510. This broader upward movement is now influencing altcoins like Algorand (ALGO). However, ALGO remains in the red currently. But a closer look at its chart reveals potential for an upside move following a breakout and successful retest.