The impressive recovery of Algorand: The price action of Algorand shows a strong bullish breakout from a long-lasting resistance trendline. The price has increased over 200%, from 0.091 USD to 0.3426 USD, surpassing the 38.20% Fibonacci level at 0.3087 USD.

Price increase potential: The price action is nearing the 50% Fibonacci level at 0.4559 USD, indicating a minimum increase potential of around 12%. A bullish breakout could push the price up to 1 USD.

Important support levels: The key support level remains at 0.3087 USD. If Algorand maintains its upward trend, it needs to surpass the 0.40 USD mark to continue its recovery.