ALGO: Macro Reversal Breaks Long-Term Downtrend

ALGO shows clear macro reversal signs after the long-term downtrend broke, with price consolidating above key support for several months according to trader @CryptoKing4Ever.

ALGO price prediction models now focus on the $0.13 resistance; a decisive close above it targets $0.18 then $0.24. Algorand network fundamentals remain intact with quantum-resistant upgrades supporting adoption through 2026.

Price action on the 4h chart sits at $0.12 inside the Bollinger Bands with upper resistance at $0.12 and lower support at $0.10. The EMA50 and EMA200 both rest at $0.11 acting as firm long-term support while the MACD golden cross at 0.0 keeps bullish momentum alive and RSI at 65.24 stays neutral, allowing room for continuation once $0.13 yields.