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Algorand breaks long resistance, eyeing a $2.37 target with potential 1,650% gain.

Analyst Insights
02 Oct 2026
Dailycoin
View Source
Bullish
Algorand breaks long resistance, eyeing a $2.37 target with potential 1,650% gain.

Algorand (ALGO) has broken through a multi-month resistance trend, signaling a potential major price surge. Analyst Javon Marks highlights a target price of $2.37, which implies a possible gain of over 1,650% if the breakout holds. This breakout is significant because it shifts the market structure from resistance to support, suggesting strong upside potential. The move depends on ALGO maintaining above the breakout zone and favorable conditions in the broader crypto market.

Algorand (ALGO) trades at Rp2.256 on Pluang as of Oct 03, 2026 02:51 WIB, showing a modest 0.94% gain in the last day. The platform records a market cap of Rp20,62 trillion and a 24-hour trading volume of Rp2,42 trillion, with 71% of orders being sell and 29% buy. This trading activity provides a current market snapshot as Algorand breaks a multi-month resistance trend noted in the news.

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