ALGO trades at $0.1167 as weekly loss hits 7% on elevated volume
- —Price at $0.1167, down 0.29% daily and 7.02% weekly
- —Volume of $171.5 million is 63.66% above the 30-day average
- —MACD is bearish, RSI at 51.6 signals neutral momentum
- —Price sits below SMA-7, SMA-15 and SMA-20 but above SMA-30 and SMA-200
Why it matters: Short-term technical weakness contrasts with a broader recovery: ALGO is up 17.77% over 30 days and 38.72% over 90 days.
Source: DiarioBitcoin