Algorand rises 8.1% to $0.101, holds above SMA-200
- —8.1% gain in 24 hours to $0.101, volume $77.6 million (+121% vs average)
- —Price above SMA-7, SMA-30, SMA-90 and SMA-200 ($0.0963)
- —RSI 61.2, stochastic K% 91.5 — short-term overbought
- —Market cap $917.2 million, 96.91% below its 2019 all-time high
Why it matters: The rally lacks a news catalyst and relies on rotation into L1 altcoins; holding above SMA-200 will determine whether it becomes a trend reversal rather than a bounce.
Source: DiarioBitcoin