Date: Thu, July 31, 2025 | 06:10 AM GMT
The cryptocurrency market is gradually recovering from recent turbulence. After dipping to a 24-hour low of $3,678, Ethereum (ETH) has bounced back to $3,850, sparking noticeable gains across altcoins. Among those benefiting from the momentum shift is Algorand (ALGO), which is flashing early signs of a potentially strong bullish continuation.
ALGO has delivered a solid 41% monthly gain, and a closer look at the chart reveals something even more compelling — an emerging fractal pattern that mirrors the recent breakout structure seen in SEI, another altcoin that exploded higher after a similar setup.
ALGO Mimics SEI’s Explosive Fractal Rally
By examining the daily charts of SEI and ALGO side by side, a striking similarity becomes apparent.
SEI previously broke out of a well-defined falling wedge — a bullish reversal pattern — and reclaimed its 200-day moving average with conviction. This triggered a sharp rally, followed by a brief consolidation phase inside a resistance zone marked in yellow. After a 25% pullback that found support right at the 200-day MA, SEI launched into a second leg higher, ultimately gaining over 56%.
ALGO appears to be following this same blueprint.
It recently broke out of its own falling wedge, surged above the 200-day moving average, and entered the same kind of resistance zone that SEI encountered. After reaching local highs, ALGO corrected 28%, nearly touching the 200-day MA near $0.24 — just like SEI did — before rebounding back up to $0.26. This kind of consolidation and bounce closely resembles SEI’s behavior prior to its next major move, hinting at what could come next for ALGO.
What Could Be Next for ALGO?
If ALGO can hold above the 200-day moving average and build support here, it would solidify the structure for a second leg higher. A breakout above the yellow resistance zone would confirm the fractal continuation and likely trigger a rally toward $0.38 — a 43% potential gain from the current support level.
With Ethereum stabilizing and the broader market regaining strength, conditions may be aligning for ALGO to continue its move.
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