ALGO Plunges 10.54% on October 15, Tests Key Support Levels
- —ALGO dropped 10.54% to $0.1082, with an intraday low of $0.1078
- —Volume of $96.88 million was 17.83% below the 30-day average
- —Price sits below SMA-7, SMA-30 and VWAP but above SMA-50 and SMA-200
- —RSI at 44.1 and a bearish MACD point to weak momentum
Why it matters: Holding the SMA-50 will decide whether ALGO rebounds or slides toward lower supports; a volume-backed recovery is needed to confirm any reversal.
Source: DiarioBitcoin