Algorand price is showing early signs of stabilization after a volatile week, buoyed by both technical buy signals and a groundbreaking on-chain achievement.
At press time, Algorand crypto (ALGO) trades near $0.1599, up roughly 2.2% over the past 24 hours, though data shows minor intraday weakness. The market cap sits at $1.4 billion, while 24-hour trading volume has dropped nearly 49% to $60 million, suggesting traders are cautiously watching for direction.
After sliding to as low as $0.1448 earlier this week, ALGO coin staged a sharp recovery toward $0.1631 before consolidating near current levels.
The Binance chart shows thinning volume but growing trader interest around the $0.156–0.1620 range, a zone where the Volume Profile (VRVP) suggests dense accumulation.
However, the Algorand price has remained down by more than 30% over the past month and by more than 50% year-to-date, highlighting the uphill climb ahead despite the short-term uptick.
Algorand Price Indicators Suggest a Turnaround
Popular cryptocurrency analyst Ali noted two TD Sequential buy signals flashing on Algorand’s daily chart, which often precede local trend reversals.
The TD Sequential indicator helps traders spot when a trend may be about to reverse. It counts price candles to identify exhaustion in a move, so when it flashes a buy signal, it suggests selling pressure is fading and a short-term rebound could follow.
“The TD Sequential indicator presented two buy signals on Algorand’s daily chart, suggesting a potential rebound ahead,” Ali shared with his followers on X.
If the pattern plays out, traders could see a retest of $0.175–$0.180, the next resistance zone visible on the daily chart. Still, failure to hold above $0.155 could drag the Algorand price back toward the mid-October lows.
Beyond charts, sentiment got a boost from a recent technical feat. According to a recent report from the team, Algorand became the first blockchain to execute a post-quantum transaction on its mainnet. As noted, this cryptographic breakthrough could secure the network against future quantum threats.
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