Why Algorand (ALGO) May Be On the Verge of a Major Breakout in 2025 AllinCrypto April 11, 2025
Algorand may be on the verge of a major breakout as altcoins and Bitcoin reach potential bottoms in falling wedges, signaling new continuations.
After being battered by Trump’s global tariffs, the stock market swung to the downside, dragging Bitcoin and crypto along with it.
With macroeconomic factors looking a lot clearer with panicking investors settling down, we’re finally seeing signals for new continuation on the charts, including Algorand in particular. Let’s dive in.
Algorand May Be Set for a Price Surge, Here’s Why
Algorand may be on the verge of a major breakout after days of relentless selling in the traditional markets, affecting the outlook of crypto in the short term.
With panic being subdued, we’re now able to see a potential bottom across top alts including Bitcoin in the form of a falling wedge.
Upside potential is strong with such charts and indicates that a bottom is being met, and reacted to by market participants, creating new advantages for those who may have been sidelined or incurred losses on the way down.
What Is a Falling Wedge?
A falling wedge is a common, bullish chart pattern used in financial technical analysis, pointing out where a reversal may take place on an asset’s price.
Although the price of an asset may be going down, the speed and momentum behind it are lacking. With volume decreasing, the price will reach a point of resistance which, if broken, results in a price surge.
To identify falling wedges, traders can look at volume and wait for an asset to break above its resistance price with healthy volume backing it.
Additional Price Catalyst: The Fiat Chain, unveiled by Algroand founder Silvio Micali
At Paris Blockchain Week, Algorand founder Silvio Micali unveiled an upcoming Fiat Chain network which is unlike any other blockchain integration.
According to the founder, the Fiat Chain will not be an Algorand sidechain, layer-2 or bridged chain but a Peer Chain, a new form of architecture in the cryptocurrency industry.
The Fiat Chain will be designed for institutional investors and prioritize stablecoins and pegged fiat tokens with the ALGO token connecting it all together.
Bullish sentiments on Algorand’s future combined with ALGO’s performance in the charts may be creating a perfect storm for price appreciation in the near future.
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