ALGO Price Analysis: Correction Still Unfinished, But Algorand’s Quantum‑Resistant Edge Could Fuel Another Pump

The X account More Crypto Online shared a clear 4‑hour chart on Algorand (ALGO/USD, Coinbase). The message is direct: the price is still heading toward the micro support zone defined between $0.0878 and $0.106. The correction looks unfinished, so a further decline may come first.

We had a look at the chart and the structure shows a completed (A)(1) wave up followed by a (B)(2) pullback. The Fibonacci retracement levels are drawn from the low near $0.0620 up to the high around $0.1900. Key levels: 38.20% at $0.1060, 50.00% at $0.1003, 61.80% at $0.0950, and 78.60% at $0.0878.

The Algorand price is currently near $0.1109, just above the 38.20% level. The analyst expects the decline to continue into the $0.0878‑$0.106 zone before any meaningful bounce. The wave count indicates the correction is still in progress, not complete.

Support at $0.0878 aligns with the 78.60% retracement; a deep but historically common pullback zone. Below that, $0.0840, $0.0780, and $0.0720 appear as additional downside levels if the correction extends further. Resistance above sits at $0.1200, then $0.1300‑$0.1400.

The RSI is not shown but price action alone confirms lower highs and lower lows on the 4‑hour timeframe. More Crypto Online’s call is straightforward: the micro support zone will be tested, and the correction needs more time or lower prices to finish.

Latest Algorand News

Capital Rotation Phase Favors ALGO – As Bitcoin tested $72,000, the broader market entered a potential rotation phase. Algorand stood out with a 31.8% gain against Bitcoin’s 4.5% over a recent period. The Altcoin Season Index remains at 43, well below the 75 threshold, meaning selective outperformance rather than a full market frenzy.

For ALGO, this is bullish because it signals early capital rotation into fundamentally sound projects during a market shift. Its performance indicates institutional radars are tracking Algorand. Sustained gains, however, require a confirmed breakout in the Ethereum/BTC pair and a drop in Bitcoin dominance below 60%.

CEO Highlights Quantum‑Resistant Edge – In an April 10, 2026 interview, Algorand Foundation CEO Staci Warden discussed growing institutional confidence in crypto. She highlighted that Algorand is designed to be quantum‑resistant, a feature that gained serious attention after a Google research paper led to a ~40% price bump for ALGO.

This is bullish because it positions Algorand as a forward‑looking solution to a critical future threat – quantum decryption. That technological edge enhances Algorand’s appeal for long‑term, security‑conscious institutional adoption.

key levels to watch for ALGO based on the 4‑hour chart and More Crypto Online’s analysis.

Algorand Price: Key Levels to Watch:

These levels define the correction range and the breakout zones for the next move.

Read also: Algorand (ALGO) Price Prediction: Key Levels to Watch as a Pullback Looms

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The post ALGO Price Analysis: Correction Still Unfinished, But Algorand’s Quantum‑Resistant Edge Could Fuel Another Pump appeared first on CaptainAltcoin.