Algorand (ALGO) Price Prediction: Breakout Potential in 2025-2030?

Algorand (ALGO) price is at a crossroads, with an anticipated breakout in mid-September potentially pushing it towards $0.75 by 2030. The token’s recent struggles to gain momentum are partly attributed to a descending pennant pattern and negative netflows. However, the upcoming partnership with XBTO could significantly strengthen its fundamentals, paving the way for institutional investment. Technical indicators suggest a potential bullish move if ALGO can hold its $0.23 support level and break past resistance at around $0.25. The 200-day EMA at $0.234 offers crucial support, while key resistance levels lie at $0.29 and potentially $0.34 in the near term.