ALGO drops 3.14% and retests technical support levels
- —ALGO trades at $0.1152, down 3.14% on the day and 10.71% over the week
- —Price is below SMA-7 and SMA-15 but above SMA-30, SMA-50 and SMA-200
- —RSI at 50.3 and a bearish MACD histogram point to mixed momentum
- —Daily volume of $106.3M is 0.79% below its 30-day average
Why it matters: With no clear catalyst and mixed signals, traders need a volume-backed recovery before treating the pullback as a buying opportunity.
Source: DiarioBitcoin