Algorand (ALGO) has recently broken out of a long-term downtrend, indicating potential market sentiment change. This asset has consolidated within a descending wedge pattern, facing continuous resistance that has hindered significant upward spikes. However, a successful breakout has occurred, indicating a possible recovery. This breakout, seen on the chart, shows ALGO surpassing the trendline, with an initial target of around 42.94% gain from its breakout level.