ALGO Jumps 9.84% to $0.111 on Short Squeeze and Algorand Quantum Narrative
- —ALGO gained 9.84% to $0.111 on $117.99 million in volume, 198% above average
- —RSI at 69.8 and %B at 116.6 signal overbought conditions after a 16.97% weekly gain
- —$648 million in short liquidations and bitcoin near $85,000 lifted altcoins
- —Immediate resistance at $0.1172, support at $0.1074
Why it matters: The rally came on spot buying with flat open interest, a healthier setup, but overbought readings raise the risk of a pullback toward $0.1074.
Source: DiarioBitcoin