Algorand (ALGO) traded at about $0.1217, down 1% today and 10% this week. The overall crypto market is cautious, and traders are moving away from altcoins. Lower trading volume and rising Bitcoin dominance are making ALGO’s price swings more noticeable.
In the last 24 hours, ALGO traded between $0.1215 and $0.1232, with a market cap near $1.07 billion. Trading volume fell 39% to $32 million, showing less market activity. With lower liquidity, ALGO’s price is more sensitive to changes.
ALGO Weighed Down by Risk-Off Flows Even as Fundamentals Stabilize
The weakness in Algorand is unfolding amid a clear risk-off backdrop. Bitcoin dominance has climbed to 58.6%, while the Altcoin Season Index remains deep in “Bitcoin Season.” ALGO has fallen about 10% over the past week, underperforming the broader crypto market’s average decline.
With the Fear & Greed Index at 26/100 (Extreme Fear), capital preservation is taking priority, leaving the Algorand token vulnerable during pullbacks.
Meanwhile, fundamentals are stabilizing. Messari data shared by Research Analyst 0XWeiler for Q3 shows circulating market cap up 14.2% QoQ, DeFi TVL up 15.5% to $69.1 million, and community-staked ALGO holding at 1.54 billion tokens, a sharp year-to-date rise. These metrics show a stabilizing ecosystem, but have not yet lifted the ALGO price.
Algorand Price Outlook: Early Technical Signs of a Trend Change
Despite the soft tape, some analysts are pointing to early technical stabilization. Ali (@alicharts) noted that the TD Sequential indicator has flashed a buy signal on Algorand, a tool often used to identify exhaustion in downtrends. This suggests selling pressure may be losing momentum, even if confirmation is still lacking.
Separately, Lucky highlighted a long-term chart structure showing ALGO trading near a historical demand zone after months inside descending channels.
His analysis points to repeated breakdown-and-recovery patterns, with price compressing toward a potential breakout area, similar to a December setup seen previously.
In the near term, if ALGO rises above $0.123–$0.125, it would show buyers are returning. If it falls below $0.120, the price could drop toward $0.10. Until then, price movement is uncertain.
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