ALGO has recently formed a solid bottom in the 0.0805—0.0811 range. Driven by quantum security and the benefits of staking, it made a strong breakout above the key resistance at 0.097 in early April and quickly reached a high of 0.1231, marking a significant increase in bullish sentiment. However, it has faced supply pressure in the 0.1126—0.1133 zone, with clear signs of short-term overbought conditions. If it falls below 0.1080, a new round of decline may be triggered. In the mid-to-long term, the differentiated competition brought by quantum security and the staking mechanism provide value support, while the macro environment and ecosystem development are likely to push ALGO's value center higher. From an operational perspective, it is recommended to monitor the support level at 0.1080 and consider accumulating mid-term positions in batches on pullbacks.

Looking at the continuous bottoming price action in late March, ALGO repeatedly established support in the 0.0805—0.0811 range before rebounding. Accompanied by a significant surge in trading volume on April 1 and 3, the price successively broke through the key resistance at 0.097 and reached a high of 0.1231 on April 3, achieving over 50% weekly gains. Although a pullback followed, clear consolidation characteristics emerged on the daily chart, indicating that bulls remain confident in the mid-term trend.

The crypto market saw reduced volume due to the Easter holiday, with Bitcoin steady at $66,500 and total market cap at $2.3 trillion. Algorand ($ALGO) showed a moderately bullish trend after forming a triple bottom at $0.0805 and rebounding above key resistance at $0.097. Quant ($QNT) rose from $53.80 to $75, breaking resistance at $69.12 and forming bullish patterns, targeting $90. Venice Token ($VVV) surged from $0.91 to $7.08, surpassing resistance at $5.33, with a target of $8.50.

Crypto price predictions today: Algorand, Quant, Venice Token

$ALGO extended its rally for a fourth day, rising about 20% after breaking a descending pattern and testing resistance between $0.10-$0.11. Despite a 22% drop in trading volume, derivatives open interest hit a yearly high, indicating strong trader participation. The token faces resistance near the 50% Fibonacci retracement at $0.1126, with technical indicators suggesting overbought conditions amid cautious spot market activity.

ALGO Tests Key Resistance as Price Action Extends 4-Day Bullish Run

Google's quantum AI papers have repeatedly mentioned Algorand’s post-quantum security features, establishing a differentiated competitive edge for the project in the field of advanced security. At the same time, Revolut’s launch of native ALGO staking provides continuous yield for holders, enhancing incentives to lock up the tokens. Technically, the price has broken out of a descending wedge, with open interest and bullish sentiment rising in the derivatives market, reflecting positive expectations for future price direction.

Algorand price surged over 50% in a week, reaching an 11-week high of $0.126 and nearing a $1.1 billion market cap. The rally was driven by recognition of Algorand's post-quantum security in a Google Quantum AI paper and Revolut's native $ALGO staking launch. Key factors supporting further gains include a confirmed breakout from a falling wedge pattern, strong derivatives demand with rising open interest and bullish sentiment, and a negative funding rate suggesting a potential short squeeze toward a $2 target.

Three key reasons why Algorand price is eyeing a move to $2

Algorand (ALGO) surged 23% to $0.105 after being cited 32 times in a landmark Google Quantum AI paper. This recognition, along with its integration with Revolut, has boosted momentum for the cryptocurrency. The article provides a technical outlook, key levels, and future prospects for Algorand.

Algorand Crypto Jumps 20% Thanks to Google AI Paper: Cited 32 Times, Revolut Integration Adds Momentum

After encountering supply pressure in the 0.1126—0.1133 range, ALGO pulled back rapidly. Technical indicators signal overbought conditions at the upper levels, while the perpetual swap market saw capital outflows and increased short positions, hinting at a continuation of the short-term adjustment. A close below 0.1080 could trigger another round of downward pressure.

Algorand ($ALGO) has surged 17% in the last 24 hours, continuing a strong four-day rally supported by bullish on-chain metrics and whale accumulation. The token is currently testing a critical supply zone around $0.1133, which may pose selling pressure. A successful breakout above this level could lead to a rally toward the next resistance at $0.15, while failure might result in consolidation.

Algorand spikes 17% – Will resistance cap ALGO’s upside at $0.11?

Global recession expectations and inflationary pressure from large-scale AI investments set the backdrop for market volatility, but easing geopolitical tensions in the Middle East have lifted overall risk appetite, favoring crypto asset allocation. With its core selling point of post-quantum security and ALGO’s staking economic model, the project enjoys a strong long-term value moat and is anticipated to gain further recognition as security-driven development and ecosystem adoption continue.

The Weekly Editor's Picks (0328-0403) curates insightful content amid fast information flow, covering global economic recession as a strategic state affecting growth and geopolitical power. Highlights include Buffett's cautious market stance, massive AI investments fueling inflation, Bitcoin's mining challenges, and Google's quantum breakthroughs impacting crypto security. The edition also explores shifts in investment models, AI adoption in crypto, payment industry dynamics, and key policy updates.

Weekly Editor's Picks (03/28-04/03)

Bitcoin surged toward $70,000 following reports of potential U.S.-Iran ceasefire talks and a short squeeze liquidating over $270 million in shorts. The ceasefire hopes boosted risk appetite, lowering the U.S. Dollar Index and lifting crypto and equity markets. Algorand's $ALGO token gained nearly 50% in 30 days after Google highlighted its quantum-resistant security approach. Despite optimism, markets remain cautious amid elevated oil prices and expected Fed rate stability.

Bitcoin rallies on report of Iran ceasefire talks, Algorand extends gains

Algorand

Digital Assets Gain; Core Inflation Data Surprises to the Downside

The war in Iran has fueled the biggest jump in US inflation in nearly four years and sent consumer sentiment tumbling to a record low. Economists say that’s just the beginning.

Can XRP Break $1.35? Price Shrugs off Energy Spikes as Fresh US Inflation Report Offers Brief Relief

US–Iran talks in Pakistan hand crypto a fragile off-ramp

Trump said that if an agreement is not reached, military strikes against Iran will be intensified.

Europe Braces for a Spike in Inflation

Crypto Market Advances; US Regulators Convene Banks on AI Cyber Threat

JPY: Neutral rate debate supports gradual gains – Commerzbank

Analysis: Bitcoin surged to $73K after the CPI release, with the market focusing on whether it can retest the high range.

US: Energy shock complicates Fed path – Commerzbank

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ALGO price today is 0.11, with a live price change of -2.09 in the last 24 hours. Convert, buy, sell and trade ALGO on Bybit-ge.

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