Algorand Soars Past Resistance, Targets Self-Sustainability Within Five Years

Algorand (ALGO) has seen an 11.5% weekly surge, pushing its price above $0.1017 and near $0.14031 before a 2.15% pullback to $0.13299.

The increased activity comes as new CEO William Herkelrath emphasizes the importance of self-sustainability for the protocol, aiming to achieve it within five years.

Network throughput reached a high of 11.91 TPS on September 28, with 1.03 million transactions processed in a single day.

This uptrend has solidified Algorand's position as bullish above $0.1017, its Bull Market Support Band top.