Algorand drops 10% to $0.12 after failing to hold $0.14
- —ALGO slid 10% to $0.12 after peaking at $0.136 on Sept 29
- —Open interest in ALGO futures fell 20% to $76 million
- —Derivatives trading volume dropped 67% to $129 million
- —RSI eased to 64; key levels are $0.12 and $0.13
Why it matters: Shrinking open interest and volumes signal fading speculative demand, with the $0.12 support now key for the near-term trend.
Source: TokenPost