<ul data-eligibleForWebStory="true"><li>Analyst Michaël van de Poppe suggests Algorand ($ALGO) is poised for a breakout as it nears the end of an accumulation phase.</li><li>Algorand's focus on instant finality positions it well for scalability and real-world adoption, particularly in DeFi, retail payments, and blockchain infrastructure.</li><li>Instant finality is crucial for efficiency in transaction processing, contributing to a positive user experience in payment scenarios.</li><li>ALGO/USDT chart indicates a cyclical pattern, with the asset returning to a previous base and showing potential for a move toward the $1 mark.</li><li>The 1.618 Fibonacci extension level served as a target in a previous run and could guide ALGO's upward trajectory.</li><li>At the moment, ALGO is trading around $0.10, within a defined accumulation zone following a rally that peaked near $0.45.</li><li>A breakout from the current consolidation range may lead to a potential target of $1 based on historical behavior.</li><li>Continued fundamental growth and increased adoption of Algorand-based applications could fuel a shift from consolidation to a bullish breakout.</li></ul>

Algorand Eyes Breakout as Accumulation Nears End, Analyst Says

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