Algorand (ALGO) is currently experiencing a breakout rally, with potential for a new swing high at $0.25. The recent price action shows a bullish comeback, surpassing a long-standing resistance trend line. A Morning Star pattern near the $0.10 level propelled ALGO's market value by 44% over the past 10 days. The recovery run formed a bullish engulfing candle, indicating strong underlying demand. Currently, ALGO faces resistance at the $0.1630 level, but with the recent bullish momentum and break through the trendline, a breakout is likely. Technical indicators support the continuation of the bullish trend, with potential key resistance levels at $0.2106 and $0.25. On the downside, the crucial support level to watch is $0.1391.



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