Key Takeaways
- Algorand price suffers more price decline towards $0.16 support ahead of the April price prediction.
- Algorand (ALGO) trading below 50-day and 200-day EMAs worries investors and traders as bearish pressure mounts on price.
- ALGO trading above $0.25 would be good for the price, sparking renewed bullish sentiment to the upside.
Algorand (ALGO) has faced quite a strong price rejection in the past few months since dropping from its high of $0.5. Many investors and analysts tipped the price of Algorand (ALGO) to a high of $1 but the price failed to meet such price expectations of crypto experts.
The price of Algorand (ALGO) dropped from its high of $0.5 to a region of $0.2 in March 2025 as it failed to protect its support of $0.2. Bulls built strong positions to the upside, but its price faced a more bearish decline toward $0.16 and $0.15. The price of Algorand (ALGO) failing to protect this region could lead to a much bearish price decline in the coming weeks.
Despite price speculation of April being a good month for crypto, will the price of ALGO rally to a new high above the current support zone, or will the price fail to protect this region of interest for ALGO bulls, as traders and investors are interested in the price of Algorand around this zone?
Algorand Market Reaction For April
LLuciano_BTC, a top crypto trader and expert on X believes Algorand (ALGO) has huge potential of price rallying to the upside as soon as the market becomes favourable for altcoins to rally as the market continues to look highly uncertain with many traders and investors remaining on the sidelines to see the next line of actions for BTC and altcoins.
According to LLuciano_BTC, Algorand (ALGO) has formed a strong bullish pattern as the price is expected to break out from this zone to the upside. A break and close for the price to the upside above $0.25 could see some strong price action to the high of $0.5 and, subsequently, $1 before the end of 2025.
Algorand Price Prediction For April
Source – Algorand (ALGO) 1D Price Chart From TradingView
The price prediction for Algorand (ALGO) for April 2025 remains balanced following its price decline toward its key support zone of $0.16 to $0.15. The price struggles to defend itself from much bearish price action following an over 70% price crash from its high of $0.5.
ALGO bears continue to dominate the price to the downside as it trades below a low of 50-day and 200-day EMAs (Exponential Moving averages). The price of Algorand struggles to break above its resistance of $0.25, which acts as a key area to be broken for a bullish price rally.
If Algorand (ALGO) bounces above its support zone, trading at a high of $0.3, the price will resume a strong bullish uptrend after a successful breakout from its descending bullish price pattern. If the price of ALGO fails to defend this region, breaking lower than $0.15, we could see the price trade towards $0.1.
