Algorand Bulls Face Resistance Test at $0.1405

Algorand has started the week near $0.13, having gained around 10% over the last seven days due to buyers pushing the price higher in a stretch of firm momentum. Institutional attention and ecosystem progress have played a significant role in this advance, setting up a week where stretched conditions and recent excitement may leave the door open to volatility if buyers pause.

The current price of Algorand is $0.1264, with a 3.29% decrease in the last 24 hours. The trend remains firmly bullish on the daily timeframe as momentum oscillators enter or approach overbought territory.

Record network activity has lifted sentiment as post-quantum upgrades attract institutions. Algorand saw heightened institutional engagement this week, highlighted by ongoing efforts from the Algorand Foundation to achieve self-sustainability through expanded institutional and post-quantum initiatives.

The daily chart shows a sustained move higher with a firm trend, bolstered by strong signals from the MACD and ADX. The RSI, at 64.9869, is approaching overbought, while the CCI is already in the overbought zone, hinting at elevated short-term momentum.

Upside bias persists for the week as a breakout hinges on a resistance test. The expected range is $0.1122 to $0.1407, with a high probability of an increase and a low probability of a decrease.