Will ALGO finally break out of its long-term desce

At the time of writing, Algorand was pressing against the upper boundary of a descending channel that has persisted since late 2024.

The next key resistance sits at $0.2541, with additional upside targets at $0.3006 and $0.3491. Support holds at $0.1814 and $0.1511.

At press time, RSI sat at 50.06, a neutral level that supports further upward movement. 

A clean breakout above $0.2541 would flip the market structure bullish and shift sentiment decisively, potentially opening room for further gains in the short term.