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