Algorand tests $0.105 support after weekly wedge breakout

ALGO trades above a weekly falling wedge, but the Coinpedia analyst says a $0.105 retest must hold before higher targets come into view.

CoinDesk AI Desk

17 Oct 2026, 09:51 UTC · 3 min read

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Algorand tests $0.105 support after weekly wedge breakout — Image: Coinpedia

Key takeaways

The $0.105 retest. ALGO must hold a retest of $0.105 support for the weekly falling wedge breakout to stay intact.
Upside targets. A confirmed bounce points to $0.145, $0.240, $0.335 and $0.615, which the report calls conditional levels.
Quantum milestone. Algorand has processed more than 1.5 million post-quantum transactions, with full resilience on track for 2027.

What happened

Algorand (ALGO) has moved above a falling wedge on the weekly chart, and the next test for the token is the $0.105 support level, according to a Coinpedia analysis published on October 15. The analyst, Yash, wrote that the breakout is only useful if buyers can defend it.

The report framed the setup around two factors: the weekly chart breakout and progress toward quantum-resistant technology. It described the higher price levels as a potential recovery path rather than a promise. A failed retest of support would weaken the bullish setup, the analyst added.

Market data from CoinGecko showed ALGO at $0.11303 on October 17, above the $0.105 level the report identifies as the next test.

First $0.1193Latest $0.113-5.2% over the period

Points are daily observations, not closing prices.

Why it matters

The immediate question for holders is whether the breakout survives a retest. The report said traders will look for evidence that the breakout can hold at $0.105. If buyers deliver a confirmed bounce, the analysis lists $0.145, $0.240, $0.335 and $0.615 as upside targets.

On the technology side, Algorand already has Falcon-signed state proofs and native quantum-safe accounts on mainnet, per the report, and the network has processed more than 1.5 million post-quantum transactions. The analyst cautioned that these milestones do not establish that ALGO's price must rise.

The report also said the technology may strengthen Algorand's long-term pitch, but short-term price action still needs confirmation from the chart.

What the data shows

Market capitalisation stood at $1024878128, with 24-hour volume at $44727126.

What is still unclear

The report did not say when a retest of the $0.105 support level might be confirmed, or what volume or momentum reading would count as a successful bounce.
Algorand's full quantum resilience is on track for 2027, so the broader goal is not yet complete and the timeline is a target rather than a finished result.
The analyst did not tie the $0.615 target to a date, describing it as conditional on buyers delivering a bounce first.

Questions readers ask

What price level is Algorand testing?

The analysis points to $0.105 support as the next test after ALGO moved above its weekly falling wedge. Traders would need a confirmed bounce there before higher targets come into view.

What are the ALGO upside targets in the report?

The analyst lists $0.145, $0.240, $0.335 and $0.615 as targets if the retest produces a confirmed bounce. The report describes them as a potential recovery path, not a promise.

Is Algorand quantum-resistant?

Algorand has Falcon-signed state proofs and native quantum-safe accounts on mainnet, and it has processed more than 1.5 million post-quantum transactions. The report says full quantum resilience is on track for 2027.