Algorand Rebounds 7.5%, Forming V-Shape Recovery – Can It Break Past $0.1915?

Algorand experienced a strong rebound, rising 7.5% from intraday lows to establish a textbook V-shape recovery. This resurgence comes alongside RSI divergence signals suggesting a potential shift in market momentum and a breakout pattern forming on the chart. The price bounced off the key support level near $0.1800, with buyers defending this zone against earlier sell pressure. 7.5% gains bring the token’s price to $0.1915, a point that currently marks the highest value since June 6th, before a decline back down to its close at $0.1887.