While Ethereum price continues to falter, a steeper drop for the largest altcoin lurks around the corner. According to Bit Bull, the ETH decline will see it sink to lows of $1,600 in the near future.
Ethereum Price Hurtles Toward $1,600
Cryptocurrency analyst Bit Bull has shared a prediction on X for Ethereum price movement in the near-term. According to Bit Bull, Ethereum looks set to continue its decline and can fall as low as $1,600.
Bit Bull hinges his prediction on Ethereum breaking down from a symmetrical triangle after prices fell below $1,820. The decline below the triangle pattern signals a bearish sentiment, continuing the previous decline. ETH price remains stuck below $2,000 since the drop below the psychological level was driven by a raft of unsavory fundaments and technicals.
The latest is the Ethereum price dropping beneath the triangle pattern, triggering new short entries on the asset. A breakdown and a retest followed by low trading volumes confirm fears of a steeper ETH correction.
“However, after the breakdown and a retest, ETH is now looking bearish,” said Bit Bull. “Technically, there’s a strong possibility for further downside.”
Apart from the symmetrical triangle, a further confirmation of bearish sentiments is seen in ETH dominance. According to his analysis, Bit Bull notes the ETH dominance chart has formed a descending triangle to signal further bearishness.
“A retest toward the upper trendline is likely, but after that, we could see another move down,” added Bit Bull.
On-chain Metrics Confirm Bearish Sentiments For ETH
While technicals are largely pessimistic, on-chain data are telling a similar story for Ethereum price. Right out of the bat, active addresses on Ethereum have taken a major hit in recent months, exacerbating the issue of falling prices.
There is also a decline in Ethereum fees burnt while fees burnt per transaction face a similar slump. Perhaps the biggest indicator for long-term bearishness is an increase in ETH supply after the Merge event.
Despite the negative sentiments, ETH to $4,000 is still in play given the show of as strong support at $1,800. Standard Chartered analyst opines that Ethereum will finish the year at $4,000 after slashing its earlier prediction of $10,000 by 60%.
Ethereum price currently exchanges hands at $1,803, falling by less than 1% over the last day. Weekly charts indicate a similar ETH decline of around 1%, confirming a strong consolidation base for the bruised and battered altcoin. Ethereum’s trading volume stands at nearly $7 billion with whales creating a chunk of market activity for the asset.
Chainlink’s price has stalled its rally since it hit an intraday peak of $24.74 on August 13. Now trading at $22.29, the altcoin’s price has since dropped 11%.
While LINK’s price has dawdled, large holders appear unfazed. They view the dip as a buying opportunity and are ramping up their accumulation as a result. What does this mean for the altcoin?
LINK Whales Make Big Moves
On-chain data has shown that the count of LINK whale transactions exceeding $100,000 soared to a seven-month high of 992 on Thursday.
LATEST: $LINK Rallies Nearly 40% in a Week as Whale Activity Surges
Whale transactions at their highest level in seven months, alongside profits not seen since late 2024.
This uptick in high-value transfers helped drive LINK’s price to a high of $24.31, just 2% shy of the previous day’s close, before easing lower.
As of today, 232 whale transactions worth more than $100,000 have already been recorded. This suggests continued interest from deep-pocketed investors despite today’s broader market consolidation.
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In addition, the number of daily active addresses trading LINK has also trended higher, signaling increased on-chain engagement. Per Santiment, this, observed using a seven-day moving average, has risen by 55% since the beginning of August.
This steady uptick suggests that while whales are active, broader participation from the LINK traders is also growing, confirming climbing interest in the asset despite recent market volatility.
LINK Price Poised for Breakout if $22.21 Support Holds
Higher active address counts reflect stronger network usage on Chainlink. If this trend continues alongside increased whale demand for LINK, it could strengthen the support at $22.21. In this scenario, LINK could rally toward $25.55.
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The live price of the Algorand is [liveprice sym=”Algorand”]
Price predictions suggest ALGO could reach $0.90 by the end of 2025.
Long-term forecasts indicate potential highs of $5.65 by 2030.
Algorand’s strong push for scalability, security, and decentralization is paying off. With the launch of AlgoKit 3.0 in Q1 2025 and growing developer interest, ALGO adoption has improved and is now on the rise. The rising adoption is beneficial for an asset, as it is directly proportional to a token’s price.
But the big question for intrigued market participants still remains: Can ALGO Price hit $1 this cycle? Read our in-depth Algorand Price Prediction 2025 and long-term outlook through 2030 to find out.
As per Coinpedia’s Algorand Price Prediction, the forecast for the Algorand network is optimistic for the coming years. With a potential altcoin market in Q1 2025, the ALGO coin price might skyrocket toward a new high.
If the network maintains the staggering growth, the ALGO coin price may reach $0.89 in 2025. Conversely, if the network fails to expand, then the price can flip into a bearish trap and dip to $0.45.
Year
Potential Low
Potential Average
Potential High
2025
$0.45
$0.67
$0.89
Algo Price Target July 2025
The price prediction for Algorand (ALGO) in July 2025 suggests that if the $0.15 support level holds strong, ALGO may aim for a retest of the $0.24 mark. However, the breach of $0.15 could pull ALGO price lower.
Month
Potential Low ($)
Potential Average ($)
Potential High ($)
Algorand (ALGO) Price Forecast July 2025
0.09
0.15
0.24
Algorand Price Prediction 2025
The last time a surge in Algorand price was seen was in Q4 2024, it reached a high of $0.613, which marked a 470% gain from the $0.1079 level. But, in Q4 2024, the final month sell-off intensified, stretching into Q1 2025, the price of Algorand fell drastically to a low of $0.1491 by the first week of April, which is a multi-year strong support area for the ALGO price.
However, the situation from the second week of April changed as the chart showed a higher-high structure, showcasing that the ALGO price started to recover from the very same multi-year support area. By mid-May Algorand price climbed almost 70% to $0.24 from Q2’s low of $0.150.
But, the advance stopped mid-May onwards, as strong supply levels rejected the ascent, pushing the price below 200 day EMA band. In June’s final week, the price came back to April’s low and took support from $0.15 support area.
The algorand price is down 71% from Q4 2024’s high and 32% down from mid-may’s high, if short-term bearish elevates then ALGO price might meet 2024’s low of $0.0943, but if the $0.15 level meets strong demand, then it might aim for a retest of the $0.24 mark in July 2025.
Moreover, looking at the long-term perspective, if demand increases directly proportional to adoption at an unprecedented rate, then ALGO might clear the targets such as the $0.50 and $0.60 mark, and even hit $0.90 by the end of the year.
These targets may sound big compared to its current price at the moment, but on zooming out to the monthly chart. The last three years are a clearly range-bound sideways chart compared to 2021’s high-strength parabolic one.
Year
Potential Low
Potential Average
Potential High
2025
$0.20
$0.50
$0.90
Read CoinPedia’s Stellar Price Prediction 2025, 2026 – 2030 to understand the possible long-term market prospects!
Algorand Price Targets 2026 – 2030
Year
Potential Low ($)
Potential Average ($)
Potential High ($)
2026
0.65
1.0
1.35
2027
0.90
1.50
2.00
2028
1.40
2.10
2.90
2029
1.75
2.95
4.15
2030
2.50
4.05
5.65
Algorand (ALGO) Price Forecast 2026
Moving forward to 2026, the ALGO price may record a maximum price of $1.35. With a potential low of $0.65, the average price could settle at around $1.0.
ALGO Coin Price Projection 2027
Looking ahead to 2027, the Algorand crypto token may range between $0.90 and $2.0. With this, the average trading price could settle at around $1.50 for the year.
Algorand Crypto Price Action 2028
In 2028, the ALGO coin with a potential surge could reach a high of $2.90, a low of $1.40, and an average of $2.10.
ALGO Token Price Analysis 2029
Moving into 2029, the Algorand coin could range between $1.75 and $4.15. Considering the buying and selling pressure, the average price could settle at around $2.95.
ALGO Price Prediction 2030
By 2030, the value of a single Algorand token could reach a high of $5.65, a low of $2.50, and an average of $4.05.
Are you wondering if the ETH crypto coin will hit $5k in this altcoin market? Read Ethereum price prediction 2025, 2026 – 2030 now!
Market Analysis
Firm Name
2025
2026
2030
Currencyanalytics
$0.67
$0.97
$4.06
Priceprediction.net
$0.18
$0.258
$1.10
DigitalCoinPrice
$0.82
$1.28
$2.60
Planning on stacking ADA tokens before it achieves a new ATH? Read CoinPedia’s Cardano Price Prediction 2025, 2026 – 2030!
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FAQs
Is Algorand a good investment?
Yes, ALGO shows long-term potential with strong fundamentals, low fees, and a focus on scalability.
How high will Algorand’sprice go in 2025?
ALGO is expected to reach up to $0.90 by end of 2025, driven by adoption growth and bullish market sentiment.
Is Algorand Proof-of-Stake (PoS) or Proof-of-Work (PoW)?
Algorand is the first network to bring a complete Proof-of-Stake (PoS) consensus mechanism.
What would be the possible maximum price of ALGO by the end of 2030?
ALGO may reach a high of $5.65 by 2030, supported by network upgrades and increased developer adoption.
How to buy Algorand?
Algorand can be traded on exchanges like Binance, Coinbase Pro, Huobi Global, and OKEx, amongst others.
If I had invested $100 in Algorand (ALGO) in 2020, what would it be worth now?
Considering you invested $100 in 2020 at the average price of $0.427, your investment would have decreased by 2.81% to $98.11.
ALGO
BINANCE
The post Algorand Price Prediction 2025, 2026 – 2030: Will ALGO Price Hit $1? appeared first on Coinpedia Fintech News
Story Highlights The live price of the Algorand is [liveprice sym=”Algorand”] Price predictions suggest ALGO could reach $0.90 by the end of 2025. Long-term forecasts indicate potential highs of $5.65 by 2030. Algorand’s strong push for scalability, security, and decentralization is paying off. With the launch of AlgoKit 3.0 in Q1 2025 and growing developer …
LATEST: 
Whale transactions at their highest level in seven months, alongside profits not seen since late 2024.
