Algorand (ALGO) has experienced a strong downtrend from August of the previous year, with prices consistently trading below key moving averages and showing bearish momentum. However, recent price action suggests a potential shift. The momentum indicator has flipped bullish after a period of sustained bearishness, and there are signs of increasing buy volume. If ALGO can maintain this momentum and break above current resistance levels, it is poised for a significant upward move. The current price is around $0.1353, with resistance expected around $0.15. A failure to hold above support at $0.11 would invalidate this bullish outlook.