ALGO Falls 3.22% to $0.0998, Testing Near-Term Support
- —ALGO at $0.0998, down 3.22% on the day and 9.62% over seven days
- —Daily volume of $69.44 million is 36.6% below the 30-day average
- —RSI at 36.6 and stochastic at 6.0 point to pressure, not a reversal
- —Price sits below SMA-7, SMA-50 and SMA-200 as MACD stays bearish
Why it matters: ALGO is down 27.55% over the past month and is pinned near its long-term averages, where a break lower would add selling pressure.
Source: DiarioBitcoin