- TD Sequential’s buy signal at $0.17 low signals exhaustion, targeting $0.25–$1 rally from current $0.186 price amid oversold RSI.
- Federal Reserve conference and World Chess partnership inject fresh momentum, with specs v2 boosting developer adoption.
- Bitcoin’s $65K support key; a hold could propel ALGO’s rebound in altseason narrative.
In the ever-shifting sands of layer-1 blockchains, Algorand (ALGO) has long been the underdog champion of pure proof-of-stake efficiency. But after a brutal summer correction that shaved 40% off its value, a fresh technical beacon is flashing green. Renowned chartist @ali_charts, fresh off nailing ALGO’s July top at $0.28, just spotlighted the TD Sequential indicator—Tom DeMark’s exhaustion tool—delivering a crisp buy signal on the daily chart. With ALGO trading at $0.186 today, could this be the spark for a long-awaited rebound?
The chart tells a tale of capitulation turning to opportunity. Plotted on TradingView from August to October 2025, it reveals a series of red candlesticks bottoming out near $0.17, punctuated by the TD Sequential’s “9” buy arrow at the nadir. This setup, which spots momentum exhaustion after nine consecutive closes higher or lower, has a storied track record—think Bitcoin’s 2021 dip buys. ALGO’s RSI lingers at 28 (deeply oversold), while volume profiles show accumulation spikes below $0.18. If the signal holds, Fibonacci retracements from the $0.28 high pencil in targets at $0.25 (short-term), $0.35 (mid), and a stretch to $1 by Q1 2026, assuming Bitcoin’s halving tailwinds persist.
Fundamentals are aligning to fuel the fire. Just this week, Algorand’s October 21 Payments Innovation Conference drew Federal Reserve eyes, spotlighting its scalability for cross-border settlements. The Oct 16 release of Algorand Specifications v2 emphasizes interoperability and governance upgrades, drawing developer inflows. Capping it off, a two-year partnership with World Chess—unveiled Oct 20—injects $700K annually in ALGO staking rewards, boosting liquidity. On-chain data from CoinMarketCap shows a 15% uptick in active addresses quarter-over-quarter, outpacing rivals like Cardano amid RWA tokenization buzz.
Yet, no signal is foolproof. A Bitcoin drop below $65K could cascade ALGO to $0.12, especially with lingering DeFi exodus scars from Q3. Macro headwinds like sticky inflation might delay altseason. Still, with the TD Sequential’s historical 70% hit rate on reversals, this feels like ALGO’s phoenix moment. As Algorand eyes its 2025 roadmap, traders: watch that $0.18 hold. The sequential stars are aligning for a surge.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
