Algorand (ALGO) is exhibiting a bullish fractal pattern on its daily chart, indicating potential for a significant price increase. The cryptocurrency has rebounded from a multi-month accumulation zone around $0.15 and is currently testing the upper boundary of a falling wedge near $0.1760. A breakout above this wedge, coupled with a reclaim of the 50 and 200-day moving averages, could propel ALGO towards a target of $0.3752, suggesting a possible 110% rally from its current price.