Get the latest crypto news, updates, and reports by subscribing to our free newsletter.
Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
© 2026 Index.vn
Algorand’s native token ALGO is drawing renewed attention after a technical breakout coincided with increased institutional access. Market structure shifts and banking integration have brought focus to ALGO’s evolving position within the broader crypto landscape.
Market analyst Lucky (@LLuciano_BTC) highlighted a change in ALGO/USDT price action, describing a move from a prolonged downtrend into a potential bullish phase. Over several months, price followed a descending channel with consistent lower highs and lower lows.
“ALGO is breaking out from a perfect point.”
As the chart tightened, the price action formed a falling wedge. The analysis suggests the wedge’s approach to its apex coincided with declining volatility, which can indicate reduced selling pressure and possible reversal conditions.
The breakout occurred above the descending resistance trendline and above a horizontal level near 0.12. After the move, ALGO was around 0.1213, marking what the analysis describes as a structural shift. A demand zone between 0.0794 and 0.10 was also identified, having held during repeated tests and pointing to accumulation behavior.
Additional technical indicators cited include Bollinger Bands, which reportedly showed prior compression followed by expansion—often associated with trend transitions. The MACD indicator was also described as confirming a bullish crossover, with momentum turning positive.
Short-term resistance is listed between 0.14 and 0.16, while broader targets extend toward 0.20 and higher. A projected move based on the wedge pattern places a potential upper range near 0.3360. However, the analysis emphasizes that stability above 0.12 remains critical for continuation.
In the near term, the article also notes that price action near upper Bollinger levels could lead to cooling. A pullback toward the 0.115–0.11 range could occur before further movement, with maintaining higher lows viewed as important for sustaining the upward structure.
Alongside the technical developments, adoption news has emerged. Collide (@We_R_Crypto) reported that Algorand is now available for direct trading through PostFinance, described as the first time a systemically important Swiss bank has enabled direct ALGO access from customer accounts.
The update allows PostFinance customers to buy and sell ALGO without relying on external crypto exchanges, streamlining access for users already within the banking network. The article links the development to regulatory clarity in Switzerland, where a structured approach to digital assets has supported banks expanding crypto offerings within defined frameworks.
It also frames the integration as part of broader efforts toward real-world asset adoption and blockchain utility, while noting that market participants still weigh long-term outcomes. Even so, increased accessibility through established financial institutions is presented as a notable step.
Overall, the article presents ALGO’s recent price movement and the PostFinance access update as two parallel developments: one reflecting shifting market sentiment through technical patterns, and the other expanding availability through regulated channels.
In brief\n\nBitcoin dropped to about $93,000, falling back below the EMA50 and putting its recent golden cross at risk of invalidation. The global crypto market cap stands at $3.15 trillion, down 2.38% in 24 hours. On Myriad Markets, 82% of the money is betting on Bitcoin pumping to $100K before…