Algorand (ALGO) has recently shown signs of renewed strength following a period of weakness, with price action shifting after a liquidity-driven move below prior lows.

This development has brought attention to whether the recent rebound reflects the beginning of a more constructive phase or remains a short-term reaction within the broader trend. The next directional move will likely depend on how price behaves after this impulsive recovery and whether momentum can be sustained.

Algorand (ALGO) technical analysis

ALGOUSD - 1 Day Time Frame

ALGO recently moved below its February low, triggering a sweep of Sell-Side Liquidity and activating a cluster of sell stops beneath the structure. This move was followed by a sharp reversal, with price gaining more than 30% within a short period, suggesting that downside liquidity may have been absorbed and that buying interest has re-emerged.

From a technical perspective, this type of price action may indicate a potential shift in short-term momentum. If the structure continues to hold, attention may turn toward higher levels where Buy-Side Liquidity is expected to rest.

The nearest areas of interest on the upside appear around $0.11, $0.125, and $0.15, which represent logical zones where price could encounter increased activity. At the same time, a short-term pullback toward the $0.09 level remains possible, as the market may rebalance following the recent impulsive move.

Algorand (ALGO) price target

If ALGO maintains its current structure and buying pressure persists, the probability of a continued move toward the $0.11 region could increase, followed by potential extension toward $0.125 and $0.15, depending on broader market conditions.

Conversely, if selling pressure reappears and price fails to hold its recent gains, a move back toward the $0.09 support level could occur. A sustained break below the $0.08 level may weaken the current structure and suggest that the recent rebound was temporary.

From a broader perspective, ALGO appears to be transitioning from a corrective phase into a potential stabilization or recovery phase. However, confirmation of a more sustained upward move would likely require continued strength and acceptance above nearby resistance levels.

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