Algorand Prints 13% Intraday Move, Fails to Hold Above $0.12
- —ALGO gained 13% intraday to $0.133, then fell below $0.12
- —15-minute RSI reached 77.0, indicating overbought territory
- —Long liquidations on ALGO were $620.6K out of $907.32K total
- —Long/short ratio stayed above 1.01, signaling broader rebound belief
Why it matters: The failed rally suggests weak buyer conviction and raises the risk of further downside toward lower Bollinger Band support.
Source: DailyCoin