Algorand Price: Potential Reversal Amidst Support and Resistance

The Algorand price is currently hovering near the $0.20 support level, with buyers attempting to push it past the resistance zone around $0.22. A breakout above the $0.23 neckline could confirm a double-bottom pattern, signaling a potential shift in momentum toward the $0.26-$0.27 price range. analyst Michaël van de Poppe predicts a move towards $0.90-$1.00 on weekly charts if Algorand breaks above its 20-week moving average. )