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Algorand (ALGO) rises 10.5% to $0.13, supported by strong momentum and new quantum-resistant wallet milestone.

Technical Signals
12 Oct 2026
Crypto Daily
View Source
Bullish
Algorand (ALGO) rises 10.5% to $0.13, supported by strong momentum and new quantum-resistant wallet milestone.

Algorand's token ALGO surged 10.5% to $0.1311, surpassing the key $0.129 Fibonacci resistance level with positive momentum indicators like an RSI of 59.28 and trading above its 7- and 30-day moving averages. This technical strength suggests a potential sustained breakout if ALGO holds above $0.129 and $0.1237 support levels. Additionally, Algorand's Pera Wallet ecosystem reached over one million quantum-resistant transactions after its v5.0.0 upgrade, highlighting network growth though not directly linked to the price jump. The next resistance to watch is $0.1426, while failure to hold support could push prices down to $0.1071.

As of Oct 12, 2026 14:12 WIB, ALGO trades at Rp2.333 on Pluang, showing a 9.27% gain in the past day. The token's market cap stands at Rp21.2 trillion, with a 24-hour trading volume of Rp2.13 trillion. Pluang users currently favor buying ALGO, with 58% of order activity on the buy side and an average holding period of 130 days.

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