Algorand (ALGO) Price Tests Key Support Amid Potential 40% Upside Following Bullish Pattern and Strong Q2 Report

Key Points

1. ALGO price confirmed a double bottom pattern with a neckline at $0.26, now acting as critical support.

2. Q2 2025 Transparency Report highlights record 3B+ lifetime transactions and a 7.5% quarterly volume increase.

3. Consensus staking surged 28.7% to 1.95B ALGO, and community staking rose 51%, enhancing decentralization.

4. Real World Asset (RWA) TVL increased by 12.7%, driven by tokenization projects like Midas’ mTBILL ETF certificate.

5. If $0.26 support holds, ALGO could retest $0.34, with a measured move target of $0.37 (40% upside). A close below $0.26 risks a pullback to $0.23 or $0.20.