Algo Price Sees Renewed Bullish Momentum as Adoption Expands

Algorand (ALGO) is showing renewed bullish momentum after breaking above several key technical resistance levels.

Crypto analyst Jesse Olsen said ALGO is back into target four, while its fractal structure suggests the token could move toward a nearby supply zone.

Olsen's analysis indicates that the current price structure resembles a previous market pattern that preceded another upward move.

The setup could strengthen further if momentum shifts into a more aggressive bullish phase.