The post After Algorand’s 40% Rally, This Popular Altcoin Eyes a 50% Move Next appeared first on Coinpedia Fintech News
The crypto market is consolidating after the rounds of discussion on the Clarity Act, which is believed to be a landmark bill aimed at resolving the jurisdictional uncertainty for digital assets. The ongoing geopolitical uncertainty has increased the volatility of Bitcoin and some major cryptos, but some altcoins like Algorand, Render, Quant, etc are showing acute strength, attracting double-digit gains. Meanwhile, some altcoins like Near Protocol are on the verge of a similar explosion that may push the price by 50% in the short term.
Algorand Breaks Trendline as Volume Expands
Algorand price has decisively broken above its descending trendline, signaling a shift in short-term structure after months of sustained downside pressure. The breakout is backed by a sharp expansion in volume, indicating strong participation and confirming the validity of the move.
Price has surged from the $0.08 base, which has acted as a strong accumulation zone, and is now pushing into the $0.12 region.
On-balance volume (OBV) is also turning higher, reinforcing the bullish momentum and suggesting that accumulation is supporting the breakout. Moreover, the price has risen above the Ichimoku Cloud, which suggests a bullish reversal and a bullish continuation. As long as ALGO holds above the breakout zone near $0.10, the structure favors continuation. However, failure to sustain above this level could lead to a short-term pullback before the next move.
NEAR Approaches Breakout as Structure Strengthens
NEAR price is showing early signs of strength after holding a higher low near the $1.20 support zone, indicating that buyers are gradually stepping in. The price is now attempting to reclaim the $1.40–$1.42 resistance range, which previously acted as a rejection zone. The structure is shifting from a downtrend into a potential higher low formation, supported by a rising trendline. This suggests that the ongoing consolidation may be nearing completion, with pressure building for a breakout.
RSI is trending upward from mid-levels, signaling strengthening momentum, while MACD is attempting a bullish crossover after a period of weakness. If NEAR successfully breaks and sustains above $1.42, it opens the path toward the next resistance at $1.66, followed by a broader supply zone near $1.78–$1.84. However, failure to hold above $1.20 would invalidate the bullish setup and expose the price to renewed downside pressure.
Altcoin Rotation Strengthens as Key Breakouts Approach
Altcoins are beginning to diverge from the broader market, with Algorand already confirming strength while NEAR approaches a critical breakout zone. ALGO’s decisive move above its descending trendline and sustained momentum above $0.10 signals that buyers are stepping in early, shifting short-term structure in favor of continuation.
At the same time, NEAR is still in the buildup phase. The $1.40–$1.42 resistance remains the key trigger — a breakout here could align it with ALGO’s trajectory, opening the path toward $1.66 and higher levels.
