What to know:
- Algorand (ALGO) price surged over 6%, with bulls targeting a breakout above the $0.1040 resistance level.
- Technical indicators signal a bullish reversal, supported by strong buying pressure and improving sentiment.
- Lofty AI surpassed $100 million in TVL, reinforcing Algorand’s growth in real-world asset (RWA) tokenization.
Algorand (ALGO) maintained strong bullish momentum as buyers remained in control, with traders watching for a potential breakout for the ALGO price to extend the rally.
Meanwhile, ecosystem growth strengthened as Lofty AI reached a major milestone, highlighting rising adoption of blockchain-powered real-world asset investments and expanding network utility.
At the time of writing, ALGO is trading at $0.09086 with a 24-hour trading volume of $26.1 million and a market capitalization of $813.15 million. Following the 1.93% gain over the last 24 hours, the ALGO price structure and network growth point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: Algorand Price Eyes 35% Rally if ALGO Breaks Key Resistance at $0.1065
ALGO Price Jumps 6% as Bulls Target $0.1040
According to the crypto analyst Alpha Crypto Signal, the ALGO price extended its bullish momentum, climbing more than 6% as buying pressure remained firmly in control.
Instead of chasing the rally after it gained traction, traders who identified the breakout early capitalized on another profitable opportunity. The move highlights the importance of preparation, disciplined execution, and recognizing market strength before broader participation arrives.
Source: Alpha Crypto Signal’s X Post
As momentum picks up speed, attention is now drawn to the new resistance at $0.1040. As long as this resistance is broken and the ALGO price stays above it, it will likely boost the current bullish sentiment and attract more traders into the market. Everyone will keep an eye on the ALGO price to see how well it can do.
Algorand RWA Platform Lofty AI Hits $100M TVL
The data from the Algorand Foundation further highlighted that another milestone has been achieved in the Algorand network as the TVL in Lofty AI exceeds the $100 million mark for the first time.
The real estate tokenization platform has managed to tokenize over 180 properties across 21 US states, highlighting how blockchain technology is gradually being used for real-world asset investment.
It is reported that the platform has generated rental revenues of over $5 million for 40,000-plus investors, highlighting the usefulness of tokenizing property ownership.
This achievement clearly marks the increased presence of Algorand in the growing RWA space, wherein blockchains offer access to conventional investments.
Following the bullish price predictions and strong network growth, the ALGO price has climbed gradually. This move is also boosted by the general trend in the crypto market as Bitcoin is moving in an upward direction, which has impacted the overall market, including altcoins.
What Happens Next for Algorand?
In the coming period, investors will be monitoring whether the ALGO price will be able to overcome the resistance level of $0.1040 due to buying pressure.
In the event that a breakout occurs, the bullish trend will be extended; otherwise, it will cause some consolidation in the market. However, further growth in Algorand’s asset ecosystem may also help in increasing its price.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Algorand Expands Reach Through UEX Listing as ALGO Eyes $0.0940
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