{"id":12986,"date":"2025-10-09T13:38:22","date_gmt":"2025-10-09T13:38:22","guid":{"rendered":"https:\/\/bitunikey.com\/news\/algorand-price-could-run-towards-1-if-this-happens\/"},"modified":"2025-10-09T13:38:26","modified_gmt":"2025-10-09T13:38:26","slug":"algorand-price-could-run-towards-1-if-this-happens","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/algorand-price-could-run-towards-1-if-this-happens\/","title":{"rendered":"Algorand price could run towards $1 if this happens"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Algorand price may be approaching a trend reversal, with potential to rally toward $1 if it breaks above the 20-week MA on the weekly chart.<\/p>\n<div id=\"cn-block-summary-block_44e191a5c589ca54eb14604c241f38a8\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Algorand price remains in a downtrend, recently dipping below key support at $0.22 before bouncing back.<\/li>\n<li>A potential double-bottom could form at $0.20, with a breakout above $0.23 possibly driving a move toward $0.26\u2013$0.27.<\/li>\n<li>Analyst Micha\u00ebl van de Poppe says that a weekly chart breakout above the 20-week MA could trigger a broader rally toward $0.90\u2013$1.00. <\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Algorand (ALGO) price continues to extend its downtrend, consistently forming lower highs. The price has recently broken horizontal support around $0.22, dipping to $0.20 where buyers stepped in to scoop the dip, driving the altcoin\u2018s price back up to retest the $0.22 zone. <\/p>\n<p>However, RSI readings hover around 46, underscoring a neutral-to-bearish bias that leaves room for further downside. Another potential retest of the $0.20 level appears likely, as that area now serves as the new local support. <\/p>\n<p>If this support zone is tested again, it could set up a potential double-bottom pattern, with the neckline forming around $0.23. A confirmed breakout above this neckline could trigger a measured move toward $0.26\u2013$0.27, potentially signaling the start of a trend reversal to the upside.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/skYOuuO6\/?symbol=BINANCE%3AALGOUSDT\" target=\"_blank\" rel=\"nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Micha\u00ebl van de Poppe: Algorand price could rally to $1<\/h2>\n<p>Zooming out to the weekly chart, Algorand price appears to be sliding toward its historical accumulation base, according to analyst Micha\u00ebl van de Poppe. \u201cIt\u2019s not unusual for a project to revisit its base \u2014 this tends to happen every cycle,\u201d he wrote in a <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/CryptoMichNL\/status\/1975924145897582749\">recent post on X<\/a>.<\/p>\n<p>van de Poppe suggests that a breakout above the 20-week moving average could signal a broader trend reversal for ALGO and potentially trigger a rally toward the $1 mark, in line with the 1.618 Fibonacci extension level near $0.90\u2013$1.00. <\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"2278\" height=\"1150\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/10\/1760017102_73_Algorand-price-could-run-towards-1-if-this-happens.webp.webp\" alt=\"Algorand price could run towards $1 if this happens - 2\" class=\"wp-image-14423724\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/CryptoMichNL\/status\/1975924145897582749\">@CryptoMichNL<\/a><\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Algorand price may be approaching a trend reversal, with potential to rally toward $1 if it breaks above the 20-week MA on the weekly chart. Summary Algorand price remains in&hellip;<\/p>\n","protected":false},"author":1,"featured_media":12036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12986"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12986\/revisions"}],"predecessor-version":[{"id":12987,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12986\/revisions\/12987"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/12036"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}