Technical analysis by lucasantunes27 about Symbol ALGO: Buy recommendation (7/11/2025)

Considering the Fibonacci levels from the November 2021 decline to the August 2023 low, the current movement suggests a test of the last high, which coincides with the 0.5 Fibo level. This suggests that ALGORAND is likely to test resistance at $0.50 before seeking higher moves to $0.75 (0.618 Fibo). If it overcomes this level, the sky's the limit, and resistance should only be found above $2.00.