- Algorand price gained 7.12% in 24 hours, with volume surging 113.61% to $61.7M.
- Robinhood Crypto listed ALGO across the U.S., including New York State.
- Chart shows a rounded bottom setup with key support at $0.105–$0.11.
- Analyst targets $0.135 first, then $0.15 on a confirmed breakout.
Algorand price is up 7.12% over the last 24 hours, trading at $0.1160, after Robinhood Crypto confirmed that ALGO is now live on its platform across the U.S., including New York State. The NY inclusion is the detail that sets this apart from a standard listing, because New York’s BitLicense framework excludes most exchanges, so clearing that bar represents a material compliance step that opens one of the highest-value retail markets in the world.
Algorand coin (ALGO) had already been holding a base above $0.105 before the announcement landed, and the catalyst hit into a structure that was coiling toward resolution. 24-hour volume came in at $61.7 million, up 113.61% on the session. Market cap also crossed $1.03 billion on the day, with a fully diluted value of $1.16B.
Algorand Price Holds Support as Rounded Bottom Targets $0.135 Resistance
Analyst ChiefraT flagged a recurring rounded-bottom formation forming on the daily chart, with the ALGO price maintaining the higher base and beginning to build momentum back toward the long-term downtrend line. Buyers have defended the $0.105–$0.11 zone on multiple tests, and the current structure reflects that absorption.
The analyst’s Algorand price prediction places $0.135 as the first resistance level to watch, with $0.15 as the next target on a clean break above the downtrend line.
Moving average data cuts both ways. Short-term averages, the EMA(10), SMA(10), and SMA(20), all read buy, and the Algorand price is trading above them. However, everything from the 30-period out-flips to sell, with the SMA(200) at $0.1956. Algorand crypto is still recovering from a heavy supply overhang, and the MAs make that ceiling visible.
Whether the Robinhood listing provides enough sustained demand to push the Algorand price through $0.135 and ultimately challenge $0.15 will depend on whether buyers continue defending the $0.105–$0.11 floor.
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