$ALGO
As of the latest market data, **ALGO is trading around $0.12 per token with a market cap of about $1.07 billion and roughly 8.86 billion tokens circulating out of a 10 billion maximum supply**. Over the past year it has **fallen roughly -50 % year-to-date and is far below its all-time high near $3.28**, indicating significant historical drawdown but also a potential base area for value investors. From a **technical perspective**, analysts identify key **support levels near $0.15–$0.16 and resistance in the $0.24–$0.30 range**. Holding the lower supports has been important historically, with breakdowns below this band risking further downside toward $0.08–$0.10. Breakouts above $0.26–$0.29, however, have been linked with potential upside toward $0.34–$0.50 and even higher in optimistic scenarios. On-chain and fundamental metrics add context: the **Algorand network has recorded over 3 billion lifetime transactions**, and **staking activity increased nearly 29 % in a recent quarter with about 1.95 billion ALGO staked**, suggesting continued ecosystem engagement and network security. Longer-term forecasts from some models range widely: conservative scenarios see possible targets under $0.30–$0.50 in 2025, while more bullish projections (often contingent on adoption or macro tailwinds) envision prices above $0.90 or even higher if broader crypto markets recover strongly. **In summary:** ALGO’s current price around $0.12 reflects both prolonged bearish pressure and potential accumulation zones near historical supports. Breaks above key technical levels (e.g., $0.26–$0.29) could shift momentum toward higher targets, but downside risks remain if those supports fail. Fundamental network growth and staking metrics provide a supportive backdrop, though outcomes depend heavily on wider market conditions and adoption.