Felix Pinkston
Feb 04, 2026 08:40
ALGO Price Prediction Summary • Short-term target (1 week): $0.12-$0.13 • Medium-term forecast (1 month): $0.14-$0.16 range • Bullish breakout level: $0.13 • Critical support: $0.10 What Cryp…
ALGO Price Prediction Summary
• Short-term target (1 week): $0.12-$0.13
• Medium-term forecast (1 month): $0.14-$0.16 range• Bullish breakout level: $0.13
• Critical support: $0.10
What Crypto Analysts Are Saying About Algorand
Recent analyst coverage presents a cautiously optimistic outlook for ALGO. Jessie A Ellis provided an ALGO price prediction on February 3, 2026, stating: “ALGO Price Prediction Summary: Short-term target (1 week): $0.12; Medium-term forecast (1 month): $0.14-$0.16 range; Bullish breakout level: $0.13; Critical support: $0.10.”
Peter Zhang offered a similar Algorand forecast on February 2, 2026: “ALGO Price Prediction Summary: Short-term target (1 week): $0.13-$0.14; Medium-term forecast (1 month): $0.16-$0.19 range; Bullish breakout level: $0.14; Critical support: $0.11.”
Earlier analysis from James Ding suggested “Algorand (ALGO) shows potential for 23% gains targeting $0.14 resistance breakout, with analyst forecasts suggesting $0.16-$0.19 medium-term range despite current bearish momentum signals.”
The consensus among analysts points to ALGO trading in a consolidation phase with potential upside targets between $0.14-$0.19 over the coming month.
ALGO Technical Analysis Breakdown
Currently trading at $0.11, ALGO sits near critical technical levels that will determine its next directional move. The RSI reading of 41.01 indicates neutral momentum, suggesting the token is neither overbought nor oversold, providing room for movement in either direction.
The MACD histogram at -0.0000 shows bearish momentum has largely dissipated, though bulls haven’t yet taken control. This technical setup often precedes sideways consolidation or a momentum shift.
Algorand’s position within the Bollinger Bands reveals important insights. With a %B position of 0.25, ALGO trades closer to the lower band ($0.10) than the upper band ($0.13), indicating potential oversold conditions that could trigger a bounce.
Key resistance emerges at $0.12 (strong resistance) with immediate resistance at $0.11. On the downside, strong support holds at $0.10, coinciding with the Bollinger Band lower boundary.
The moving average structure shows ALGO trading below its key SMAs, with the 7-day SMA at $0.11 providing immediate dynamic resistance. The significant gap to the 200-day SMA at $0.18 highlights the substantial distance from longer-term bullish territory.
Algorand Price Targets: Bull vs Bear Case
Bullish Scenario
A successful break above $0.12 resistance would activate the first leg of the bull case, targeting $0.13 as the initial objective. This represents an 18% gain from current levels and aligns with the Bollinger Band upper boundary.
Extended bullish momentum could push ALGO toward the analyst consensus range of $0.14-$0.16, representing gains of 27-45%. For this scenario to unfold, we need sustained volume above 24-hour averages and RSI movement above 50.
The most optimistic Algorand forecast suggests $0.19 as a medium-term target, though this would require a fundamental shift in market sentiment and broader crypto market strength.
Bearish Scenario
Failure to hold the $0.10 support level would trigger the bearish scenario, with downside targets emerging around $0.09-$0.095. This represents a 9-14% decline from current prices.
A break below the critical $0.10 support could accelerate selling pressure, particularly given ALGO’s position below key moving averages. The daily ATR of $0.01 suggests moderate volatility, but bearish momentum could expand this range significantly.
Risk factors include broader crypto market weakness, regulatory concerns, and lack of institutional interest in mid-cap altcoins during market uncertainty.
Should You Buy ALGO? Entry Strategy
Based on current technical conditions, a layered entry approach appears most prudent for ALGO price prediction strategies. Initial positions could be established at current levels around $0.11, with additional accumulation planned near the $0.10 support zone.
For aggressive traders, a breakout entry above $0.12 with confirmed volume provides a higher-probability setup, though it sacrifices some upside potential. This strategy aligns with the analyst consensus expecting bullish breakouts above $0.13.
Risk management becomes crucial given ALGO’s technical uncertainty. Stop-losses should be placed below $0.095 to limit downside exposure while allowing for normal market volatility. Position sizing should account for the potential 14% drawdown to maintain proper risk-reward ratios.
Conservative investors might wait for clearer technical confirmation, either through a decisive break above $0.12 or a successful retest of $0.10 support with bullish divergence signals.
Conclusion
The current ALGO price prediction suggests moderate upside potential over the coming weeks, with analyst targets ranging from $0.12-$0.19 depending on timeframe and market conditions. Technical indicators present a mixed but gradually improving picture, with neutral RSI and diminishing bearish momentum creating conditions for a potential bounce.
The most likely scenario sees ALGO testing $0.12-$0.13 resistance in the near term, with a successful break opening the path toward $0.14-$0.16 medium-term targets. However, failure to hold $0.10 support could trigger a deeper correction.
While this Algorand forecast presents reasonable upside potential, cryptocurrency markets remain highly volatile and unpredictable. This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and never invest more than you can afford to lose.
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