Algorand / U.S. Dollar(ALGO-USD)

Algorand / U.S. Dollar (ALGO-USD) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for ALGO-USD · data as of Jul 21, 2026. The chart above is live; the read below updates daily.

$0.08last close · Jul 21, 202652-week range $0.08 – $0.18 · 54.05% below the high

Falling Wedge · playing out now

ALGO-USD just broke higher out of a falling wedge — a brief, tidy pause inside a strong run. That's usually a breather before another push up.

On this chart, setups like it have followed through about 62% of the time.

As long as price stays above $0.08, the setup is intact — a daily close back below there is the cue to step away.

A natural first target sits near $0.11 — but moves like this often run further. The simple way to follow the rest is to stay with the 10-day average, and only step aside when a day closes below it.

ALGO-USD Falling Wedge Pattern

ALGO-USD is currently forming a falling wedge on the daily timeframe. Detected Jul 21, 2026.

DirectionBullishTarget$0.10Projected move+20.0%Breakout level$0.08

New to this pattern? What a falling wedge is and how to trade it →

How Falling Wedges Have Performed

Win rate

56.4%

Avg return

+0.52R

Backtested trades

10,683

ALGO-USD win rate

57.1%

Historical pattern statistics (1987-01-30 – 2026-07-17), not a prediction.

How these backtests work →

ALGO-USD Pattern Trade History

Every completed pattern trade our nightly backtest found on ALGO-USD's daily chart, newest first — wins and losses alike.

Pattern	Entry	Exit	Outcome	Result
Rising Wedge	May 23, 2025 @ $0.22	Jun 13, 2025 @ $0.17	Win	+32.7% · +2.17R
Falling Wedge	Mar 10, 2025 @ $0.20	Jul 17, 2025 @ $0.32	Loss	+63.9% · -1.10R
Rising Wedge	Jan 25, 2025 @ $0.40	Feb 2, 2025 @ $0.29	Win	+37.8% · +1.07R
Falling Wedge	Jul 13, 2024 @ $0.14	Aug 4, 2024 @ $0.11	Loss	+32.6% · -1.00R
Triangle	Jun 7, 2024 @ $0.18	Jun 14, 2024 @ $0.15	Win	+16.1% · +1.09R
Triangle	Jun 2, 2024 @ $0.18	Jun 14, 2024 @ $0.15	Win	+19.9% · +1.76R
Triangle	May 26, 2024 @ $0.19	Jun 8, 2024 @ $0.17	Loss	+60.9% · -1.19R
Triangle	May 20, 2024 @ $0.19	Jun 8, 2024 @ $0.17	Loss	+52.7% · -1.29R
Falling Wedge	Feb 2, 2024 @ $0.16	Mar 16, 2024 @ $0.27	Win	+39.7% · +7.26R
Triangle	Feb 25, 2023 @ $0.25	Mar 9, 2023 @ $0.19	Win	+28.7% · +1.39R
Bullish Pennant	Aug 5, 2022 @ $0.35	Aug 20, 2022 @ $0.30	Loss	+25.7% · -1.02R
Falling Wedge	Jul 6, 2021 @ $0.89	Sep 17, 2021 @ $1.92	Win	+73.4% · +4.78R

Recent Falling Wedges on Other Charts

ALNYhit target +18.8%Jul 22, 2026 BAstopped −7.9%Jul 21, 2026 BDXhit target +2.8%Jul 21, 2026 HIIhit target +13.1%Jul 21, 2026

Learn about falling wedge

ALGO-USD Support and Resistance Levels

Price found a floor near $0.07 about 4 months ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $0.10 — still about 16% away.

Traders commonly watch $0.10 as a target (its 61.8% extension) — think of it as a sensible next stop, not a guarantee.
That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
There's nothing to act on here — the spot to watch was the $0.07 floor about 4 months ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

ALGO-USD Recent Daily Prices

Date	Open	High	Low	Close
Jul 21, 2026	$0.08	$0.09	$0.08	$0.08
Jul 20, 2026	$0.08	$0.09	$0.08	$0.08
Jul 19, 2026	$0.08	$0.08	$0.08	$0.08
Jul 18, 2026	$0.08	$0.08	$0.08	$0.08
Jul 17, 2026	$0.08	$0.08	$0.08	$0.08
Jul 16, 2026	$0.09	$0.09	$0.08	$0.08
Jul 15, 2026	$0.08	$0.09	$0.08	$0.09
Jul 14, 2026	$0.08	$0.09	$0.08	$0.08
Jul 13, 2026	$0.08	$0.08	$0.08	$0.08
Jul 12, 2026	$0.08	$0.08	$0.08	$0.08

ALGO-USD Frequently Asked Questions

What chart pattern is ALGO-USD forming right now?

As of Jul 21, 2026, TradingPal's detector identifies a falling wedge on Algorand / U.S. Dollar (ALGO-USD) on the daily chart, with a measured-move target of $0.10.

Is a falling wedge bullish or bearish?

The falling wedge detected on ALGO-USD is a bullish pattern, projecting a measured-move target of $0.10. See its full backtested track record above — that's the real edge, not the textbook label.

How reliable is a falling wedge pattern, and what is its win rate?

Across TradingPal's backtest of the falling wedge family (10,683 trades over 628 symbols), it resolved in the expected direction 56.4% of the time with an average of +0.52R. These are historical statistics, not a prediction.

What is the price target if ALGO-USD's pattern breaks out?

The detected falling wedge has a geometry-based measured-move target of $0.10 (pattern height projected from the breakout). This is a technical target, not a recommendation.

What was ALGO-USD's closing price on Jul 21, 2026?

Algorand / U.S. Dollar (ALGO-USD) last closed at $0.08 on Jul 21, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.