Algorand (ALGO) surged 6.8% in 24 hours after being listed on Robinhood Crypto in the U.S., maintaining its bullish momentum from an April breakout. This development comes amid a broader altcoin market that has struggled, with Bitcoin's dominance rising. Despite the rally, Algorand's long-term trend remains bearish, requiring a move beyond $0.1456 to confirm a higher timeframe uptrend. The recent price action saw ALGO rise from a swing low of $0.079 to a high of $0.127, before retracing to support at $0.10. Traders are advised to monitor the $0.105 level, using retests of $0.121 and $0.133 as profit-taking opportunities. A breakout past $0.1456 is necessary to shift the long-term outlook to bullish.