Algorand ($ALGO) may be entering a pivotal accumulation phase ahead of a new upward breakout, according to analyst Michaël van de Poppe.
Analysis of $ALGO Accumulation Phase
Analyst Michaël van de Poppe notes that Algorand is in a clear accumulation zone, trading near $0.10. The recent rally peaked at around $0.45, which also aligns with Fibonacci levels.
Algorand Architecture and Importance of Instant Finality
Van de Poppe emphasizes that Algorand's architecture allows for instantly finalized transactions, which are critical for growth, especially in DeFi and retail payments. 'If you’re at a shop and need to wait in line for a payment, a 5-second delay instead of 1 can seriously affect user experience,' he explains.
Technical Projections for $ALGO
Technical analysis of the ALGO/USDT chart reveals a classic cyclical pattern. The analyst suggests that the 1.618 Fibonacci extension level could be a target, and a move toward the $1 mark in the next leg up is being considered.
If fundamental growth continues and adoption of Algorand-based apps accelerates, the market may witness a sustained shift from consolidation into a bullish breakout.
