Markets· ★★· bearish·

ALGO drops 3.68% to $0.1146, tests key support levels

  • —ALGO trades at $0.1146, down 3.68% on the day
  • —Volume at $96.4M, 9.97% below the 30-day average
  • —MACD is bearish; price sits below SMA-7, SMA-15 and SMA-20
  • —Down 11.20% in 7 days, up 39.04% in 90 days
Why it matters: Short-term weakness within a broader recovery: ALGO needs to reclaim its $0.1154 VWAP and SMA-5 to revive the bounce.
#ALGO
Source: DiarioBitcoin
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