Algorand (ALGO) increases by 25% in 24 hours, is 0.75 USD the next peak?

Impressive recovery from the bottom: After a 96% drop from the peak of 2.99 USD in November 2021, ALGO has rebounded from a low of 0.094 USD in August 2024, creating momentum for strong growth.

Breaking resistance levels: ALGO’s breakthrough of the 0.280 USD resistance level marks market confidence, alongside a double-bottom pattern supporting the upward trend.

Positive technical indicators: RSI above 50 and MACD turning positive suggest the possibility of extended price increases toward the resistance level at 0.750 USD.