Caroline Bisschop
July 18, 2025 05:00
Algorand (Algo) increased by 30% after networkupgrades and new deployment options on Binance and Crypto.com. Despite challenges such as Tether’s USDT, the outlook remains Bullish.
1. Executive summary
Algorand (Algo) has seen a considerable momentum last week, with its price that increases more than 30% to $ 0.32. This bullish movement was powered by important network developments, such as the integration of the Cross-Chain Token-Transfer technology from Wormhole and the launch of setting up services on Binance and Crypto.com. However, the announcement that Tether will end up on the Algorand Blockchain has created some headwind. Technical indicators reveal a strong bullish trend, with Momentum that will probably continue to exist in the short term.
2. Recent market developments
1. Algo rises more than 30% in the middle of network growth (July 14, 2025):
The price of Algorand rose by more than 30%, reached to $ 0.22 earlier in the week, fed by networkupgrades and growing acceptance. This reflects improved investor confidence as the preparation of rewards attract more participants.
2. Integration with the cross-chain technology of Wormhole (12 July 2025):
The integration of the NTT positions of Wormhole’s native token transfers (NTT) as leader in blockchain interoperability. This upgrade makes seamless token transfers about chains, which stimulates usefulness and adoption.
3. Tether’s withdrawal of USDT support (11 July 2025):
Tether has announced that it will stop support for USDT on the Algorand -Blockchain by 1 September 2025. This decision has expressed concern about liquidity, because USDT is an important stablecoin.
4. New stake options on Binance and Crypto.com (11 July 2025):
Both Binance and Crypto.com revealed impact services for Algo, so that users can earn rewards. This development has contributed to a considerable price valuation and an increased demand for token.
3. Technical analysis
Current market data (July 18, 2025):
– Price: $ 0.32
– 24h change: +11.20%
– 24 hours of volume: $ 72,451,783
Travel averages:
– SMA7: $ 0.28
– SMA20: $ 0.22
– SMA50: $ 0.20
– SMA200: $ 0.24
The current price is well above all important advanced averages, which confirms a strong bullish trend.
Momentum -indicators:
– RSI (14): 87.10 (Overbought)
– MacD: 0.0319 (Bullish crossover)
– Stochamatic %k: 88.90 (Overbought)
The RSI and stochastic indicators suggest that Algo is in Overbought Territorium, which indicates a potential withdrawal in the short term.
Key levels:
– Resistance: $ 0.34
– Support: $ 0.17
With a strong upward trend, the next test will break the resistance level of $ 0.34, while supporting $ 0.17 offers a safety net.
4. Trade strategy and signals
Short -term strategy:
Traders must check the resistance level of $ 0.34. An outbreak above can also cause upward boost to $ 0.40. Overboughteconditions, however, indicate caution for new entries.
Long -term strategy:
The integration of wormgat technology and the algorand of the position of the strike services as a strong candidate in the blockchain room. Long-term investors can consider gathering on dips, especially around the range of $ 0.24- $ 0.28.
5. Price forecasts and prospects
- Short -term prediction: With a strong bullish momentum, Algo was able to test $ 0.34 within week. If this resistance is broken, $ 0.40 will be the next target.
- Prediction in the medium term: Continuous network growth and wider acceptance can push Algo to $ 0.50 with Q4 2025, which won the 52 -week high high high.
However, traders must remain careful with possible corrections, especially with the RSI in Overbought territory.
6. Risk analysis
Although the recent developments of Algorand are promising, the withdrawal of USDT support is a risk for liquidity and adoption. In addition, Overbought technical indicators suggest the possibility of price corrections in the short term. Traders must also take into account macro -economic factors, such as legal changes and broader market trends, which can influence the performance of Algo.
7. Conclusion
The recent price butt of Algorand emphasizes the growing acceptance and technical progress. Developments such as the integration of the Cross-Chain technology of Wormhole and new deployment options at large fairs reinforce the position in the blockchain ecosystem. However, challenges such as Tether’s USDT withdrawal and overbought technical conditions justify caution. Despite these risks, the long -term front views for Algo Bullish remains, with a considerable growth potential in 2025.
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