Algorand (ALGO) has been delivering price in a weak environment, and the market eventually extended below the early October low, which was formed during a sharp fundamental selloff. By breaking that level, price effectively executed a Sell-Side Liquidity sweep, as the downside expansion removed resting liquidity below the October minimum and cleared the sell-side pool that had been supporting the prior structure.

Algorand technical analysis

ALGOUSD - 1 Day Time Frame

What differentiates the current situation is the market behavior following that sweep. After the liquidity spike, ALGO managed to close back above the key daily resistance zone, marked in orange on the chart. This detail is significant because it is not simply a reactionary bounce.

The reclaim reflects a shift in price delivery, where the market transitioned from a liquidity-driven downside move into a phase where bullish intent began to emerge through structure. Within this framework, this development can be interpreted as a Change in State of Delivery (CISD) on the daily timeframe.

Algorand price target

From an execution perspective, the logic remains consistent with the established framework used for these setups. If the market is in fact delivering bullish continuation following the CISD, then the internal minimum becomes the level that could remain protected. This is why the stop loss for the position can be placed below the internal low, as a breakdown beneath that point could invalidate the internal bullish structure and indicate that the reclaim was only temporary.

If bullish delivery holds, the natural objectives remain the Buy-Side Liquidity levels, since those highs typically act as price magnets once the market confirms continuation and begins expanding into upside liquidity pools.

If, however, ALGO fails to maintain the reclaimed orange zone and starts to rotate back into bearish delivery, then the CISD would lose its significance. In that case, the move could be viewed as incomplete until the market once again demonstrates an ability to hold structure on the daily timeframe.