- Algorand gains momentum with mTBILL launch, bridging DeFi and real-world assets
- ALGO price consolidates in key support zone amid signs of long-term accumulation
- Low-cost $2M mTBILL swap showcases Algorand’s speed and institutional-grade utility
Algorand (ALGO) is back in the spotlight following a major development in the tokenization sector. As per analyst Michaël van de Poppe, the fusion of real-world assets (RWA) and blockchain technology is poised to be transformative.
Algorand is clearly aiming to be a key player here. The network has just partnered with Midas, a fully regulated German tokenization platform, to introduce the mTBILL token onto its blockchain.
This marks the first non-EVM launch of the token and a significant step in bridging traditional finance with decentralized networks. Algorand’s ecosystem is now rapidly growing, becoming an attractive watchlist candidate for investors eyeing long-term opportunities.
Analyst Michaël van de Poppe Notes ALGO Accumulation Phase, Key Price Levels
Turning to ALGO’s market performance, Michaël van de Poppe further highlights Algorand’s technical structure, noting that ALGO’s price has shown clear signs of accumulation. Since peaking above $2.50 in 2021, the asset entered a lengthy downtrend, bottoming into a support range between $0.10 and $0.20.
This green zone remains a critical area for bulls. A bounce earlier in 2025 briefly lifted prices near $0.35, although it later retraced.
Related: Algorand (ALGO) Price Tests Critical $0.175 Support: Can Bulls Step In?
While the weekly RSI (Relative Strength Index) currently shows limited momentum, recent spikes in trading volume do suggest fresh investor interest is building. If this crucial support holds, a breakout above the $0.35 mark for ALGO would serve as strong confirmation of a trend reversal. Conversely, a drop below $0.10 would weaken the current bullish structure and could open the door for further price declines.
mTBILL Offers European Retail No-Minimum U.S. Treasury Access via Algorand
mTBILL is a tokenized certificate backed by short-term U.S. Treasury ETFs like BlackRock’s IB01 and BUIDL. Unlike BUIDL, which demands a $5 million minimum, mTBILL allows anyone in Europe to invest no minimum capital required. This makes high-quality, yield-generating assets accessible to everyday users.
Related: Algorand Pitches Blockchain to Musk’s Government Efficiency Project
The token is built on Algorand, offering permissionless access with low fees, instant settlement, and full DeFi compatibility. A recent atomic swap on May 27th swapped $2 million USDC for mTBILL at a transaction cost of only $0.0004. The swap finalized in under 2 seconds, showcasing Algorand’s speed and cost-efficiency.
ALGO Price Action Muted Despite Ecosystem Growth and Rising Open Interest
Despite the positive developments, ALGO’s market performance remains muted. The token as of press time trades at $0.1926, down 12% over the past week.
Technical indicators show weak momentum. The MACD hovers near zero with no clear signals, while RSI reads 36.88, suggesting bearish-to-neutral sentiment.
Open interest data offers some optimism. Total open interest stands at $42.8 million, with Bybit and Binance leading the charge. Though small in comparison to other altcoins, the gradual rise in open interest hints at growing trader engagement.
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