Algorand Price Shows Early Reversal Signals After Year-Long Downtrend

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: May 29 2026

Explore Agentic TradingLet AI Trade for You

Price Rebound Trend: Algorand's price has rebounded from a low of $0.08 after dropping from last year's high of $0.35, currently trading between $0.11 and $0.12, and if it breaks the $0.13 resistance, it could target $0.14-$0.15.
Technical Indicators Improvement: The short-term chart indicates that after dipping to $0.105 at the end of May, Algorand sharply bounced back, reclaiming both the 9 EMA and 50 SMA, with trading volume reaching 2.41 million, suggesting improving market sentiment and a potential W-shaped reversal pattern.
Positive Fundamental Developments: Robinhood relisted Algorand on May 28, enhancing liquidity and attracting millions of retail traders, while discussions around Algorand's role in tokenization and financial payment systems have further boosted market sentiment.
Organizational Restructuring: The Algorand Foundation has relocated its operational base to Delaware and implemented changes to its voting system and peer-to-peer network, aiming to enhance operational efficiency and influence in the U.S. market.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like ALGO with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for ALGO

Technical Sentiment Analysis for Algorand (ALGO). As of , Algorand (ALGO) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ALGO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, ALGO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Algorand (ALGO) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.069	0.0776	0.0842	0.0929	0.0994	0.108	0.115
Fibonacci	0.0776	0.0835	0.087	0.0929	0.0987	0.102	0.108

About ALGO

Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020. Algorand transaction metrics can be viewed here. Algorand initial coin offering (ICO) was held in June 2019, with the Algorand price of $0.24 per token.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Let AI Trade for You

Auto Trading Task on ALGO?

Get Started Free