Algorand Price Prediction: ALGO up 16.5%! Here’s a Technical Rundown AllinCrypto April 28, 2025
Algorand is a leading layer 1 blockchain network with a growing and active DeFi scene, home to a variety of dApps. In recent years, Algorand has become a beacon for the tokenization of real-world assets.
Algorand’s founder, Silvio Micali, plans to launch a Fiat Chain to facilitate stablecoin use cases for institutional investors and businesses, utilizing ALGO.
Over the last week, the ALGO’s native token has surged 16.5% from recent lows of $0.15 to $0.23. Let’s find out what’s happening and where Algroand could be heading next.
Algorand (ALGO) Price Analysis
Algorand’s ALGO token is up 16.6% over the last week as the wider cryptocurrency market surges, finding relief from Trump’s recent tariffs in a bid to balance trade deficits.
With the stock markets still slowed, crypto has seen increased action with top altcoins and Bitcoin racing higher.
Looking at Algorand’s recent price action, the token has surged past $0.20 with enough volume and positive sentiments to take it higher into the coming months.
Why is Algorand (ALGO) going up?
Algorand has broken out of a falling wedge pattern that was seen on multiple other tokens, including Sui Network, Hedera HBAR, Chainlink (LINK), and Ondo Finance.
Since January 2025, the cryptocurrency market has entered a downtrend, which has brought Algorand from highs of $0.39 to $0.15.
With ALGO bouncing, there is room for the token to potentially flip and match its previous highs from 3 months prior.
ALGO Price Prediction in 2025
With Algorand breaking out of some of its previous resistance levels and lows of $0.15, the token now has a chance to make up for lost gains since January 2025.
For price predictions, we could see Algorand reach its previous January highs of $0.39 – $0.40 and above, with the market now looking like it’s ready for further continuation along with Bitcoin.
What is the news behind this Pump?
Algorand’s founder, Silvio Micali, recently unveiled the Fiat Chain. The new network will be something brand new in the cryptocurrency space.
According to Silvio Micali, the Fiat Chain will not be a typical sidechain, layer 2, or bridge, and will instead be integrated into the Algorand $ALGO ecosystem and network.
The Fiat Chain was announced at Paris Blockchain Week 2025 as President Trump began pushing for stablecoin legislation in the US to help institutional players easily adopt digital assets.
For Trump’s pro-crypto administration, stablecoins have become important bridges for traditional financial investors to enter web3 and crypto, utilizing stablecoins as digital dollars for faster, low-cost cross-border payment methods.
As you can imagine, Algorand’s upcoming Fiat Chain will play a role in the US adoption of digital assets and stablecoins alongside Hedera, USDC issuer Circle, and Ripple.
What is next for ALGO
Algroand’s Fiat Chain will introduce new use cases and investors to the Algroand ecosystem. Already, the network is home to RWA efforts.
Real-world asset tokenization on Algrand has grown substantially with TravelX, Lofty.ai, and ClimateTrade being the network’s current movers.
On Algorand, real estate, carbon credits, and air travel are being innovated with blockchain technology delivered by Algorand. With the upcoming Fiat Chain and positive market sentiments, ALGO price action is set to be volatile on the upper end.
The post Algorand Price Prediction: ALGO up 16.5%! Here’s a Technical Rundown first appeared on AllinCrypto.
