Algorand price surges as crypto pundit sees it hitting $1.25
Algorand price experienced a strong bullish breakout on Nov. 29 as cryptocurrencies continued their uptrend.
Algorand (ALGO), a top layer-1 network, surged to $0.40, marking its highest level since November 2022. The cryptocurrency has risen for four consecutive weeks, climbing over 240% from its lowest level this year.
Crypto analysts are still optimistic about the ALGO price. In an X post, Steph is Crypto, a popular analyst, noted that the coin would jump to $1.26. He cited a double-bottom pattern that happened on the weekly chart. If this forecast is correct, it means that the coin may jump by 300%.
$Algo is breaking out 👀
The technical target is at approximately $1,26#Algorand pic.twitter.com/l2PQXYwEgw
— STEPH IS CRYPTO (@Steph_iscrypto) November 29, 2024
Another analyst noted that the coin would…
