Algorand (ALGO) Flashes TD Sequential Buy Signal While Holding Firm Above Crucial $0.18 Support

Algorand has received a buy signal by the TD Sequential, the first time in weeks.

Price stability above $0.1807 remains crucial, while $0.1863 stands as immediate resistance to watch.

Reduced volatility and consistent accumulation suggest ALGO may be entering a phase of short-term structural recovery.

After several weeks of sustained decline, Algorand (ALGO) has displayed early signs of potential recovery. The asset’s 4-day chart now shows a TD Sequential buy signal, marking a possible pause in its extended downtrend. This signal follows a precise top call from the same indicator, hinting at a technical inflection point in ALGO’s short-term structure.

Algorand was trading at $0.1842 at press time, which is a 2.4 per cent growth in the pull of the last seven days. The asset has also experienced an increase of 1.3 per cent relative to the Bitcoin, which is worth 0.051649 BTC. The last upward trend is after a prolonged period of consolidation in the vicinity of the $0.18 area where buyers have begun to find their way back.

Price Structure Shows Initial Signs of Stabilization

The latest candle formation on the chart indicates reduced selling pressure near the $0.1807 support level. This zone has acted as a critical pivot in recent sessions, absorbing downward momentum. ALGO’s ability to sustain above this threshold could reinforce short-term market confidence.

Meanwhile, the nearest resistance sits at $0.1863, a region that could determine whether momentum strengthens further. A clean move above this barrier may encourage higher bids, while rejection could maintain the ongoing compression pattern. The narrowing range between these two levels highlights a market searching for equilibrium.

Market Sentiment Turns Cautiously Constructive

The appearance of the TD Sequential buy setup has drawn attention across the technical community. Notably, this indicator previously pinpointed ALGO’s local peak before the recent decline, lending additional weight to its current reading.

Although broader liquidity remains uneven, the chart setup suggests that sellers may be losing control. If the price continues to hold its base above $0.1807, gradual accumulation could follow. Still, traders remain attentive to confirmation above $0.1863 to validate near-term strength.

Short-Term Outlook Hints at Potential Repricing

As the indicator flashes its first bullish cue in weeks, the market’s next moves appear highly data-driven. Price compression, reduced volatility, and tightening spreads reflect a transition phase. Each daily close near or above current resistance will be crucial in defining the path ahead.