Date: Wed, April 09, 2025 | 01:30 PM GMT
The cryptocurrency market has been struggling with an extended correction phase, where Ethereum (ETH) itself recorded its worst Q1 decline since 2018 — plummeting by a staggering 56% this year. This widespread weakness has weighed heavily on altcoins , triggering sharp drops and investor concerns across the board.
Among those hit hard is Algorand (ALGO), which has shaded half of its value since the start of 2025. But something interesting is starting to unfold — ALGO’s current price action is beginning to resemble a familiar pattern that played out in Cronos (CRO) just before its explosive rally back in 2021.
Source: Coinmarketcap
ALGO Chart Mirrors CRO’s Past Price Behavior
A recent side-by-side chart comparison highlights a striking resemblance between ALGO’s current structure and CRO’s setup before its massive rally.
Both tokens:
1. Formed three consecutive swing highs labeled 1, 2, and 3 with increasing volume,
2.Found support around the 50-week moving average (MA),
3.Consolidated in a green accumulation zone before the big breakout.
In CRO’s case, this pattern led to a jaw-dropping 1,000% rally — surging from around $0.08 to a high of nearly $0.95. The fractal was clean, and the breakout was fast and furious.
Right now, ALGO is testing the same green support zone, just as CRO did before its explosive rally. Price is hovering around $0.16–$0.17, right where previous demand has stepped in — making this level crucial for the next move.
If this pattern continues to play out, ALGO could be on the verge of a significant breakout — potentially reaching new yearly highs.
What’s Next for ALGO?
Of course, no pattern is ever guaranteed to repeat perfectly, but crypto has seen many historical rhymes like this. With momentum slowly building and technicals showing signs of life, ALGO could be quietly preparing for a strong move up — just as the broader market starts searching for recovery signals.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies
