Algorand struggles to maintain support amidst market turmoil, dropping 25.7% in December and 48.3% over six months. With critical support at $0.116, bulls are fighting to prevent further collapse. Will its quantum-proof narrative be enough to stabilize prices or will the decline continue towards $0.10?
Algorand plummeted below December lows, shedding 11% this week despite quantum security achievements. Price action confirms bearish pattern with support at $0.127 facing sixth test. Traders question if $0.127 support will hold against market forces or if ALGO will decline towards $0.10.
Algorand’s price action tells a brutal story this week, with ALGO shedding 20.6% to land at $0.1457 despite the protocol shipping groundbreaking self-custody technology. The devastating drop from last week’s levels erased roughly $0.03 per token, with sellers overwhelming any positive sentiment from the passwordless login launch and new passkey manager rollout. The main question for traders is: can the six-time tested support at current levels hold against this relentless selling pressure, or will bears push through to new yearly lows?
Algorand’s price action tells a story of relentless selling pressure meeting stubborn support, with ALGO shedding 23.4% over the past month to trade at $0.143. The devastating drop from November’s $0.199 peak has erased nearly $0.06 in value, pushing the altcoin into oversold territory not seen since August’s washout. Despite groundbreaking developments in self-custody technology and the approaching ISO 20022 financial messaging standard adoption deadline, sellers have maintained control. The main question for traders is: will the six-time tested support at $0.132 hold once more, or are we witnessing the setup for a deeper flush?
Algorand price action shows resilience amid adversity, dropping 14.95% over the past month but defending critical $0.157 support level. Bullish pressure guards six-month support as technical indicators reset. Will recent security innovations and ISO 20022 adoption be enough to break downtrend?