ALGO Drops 6.31% to $0.106 as Mass Liquidations Hit Algorand
- —ALGO fell 6.31% to $0.106 after a 13.60% weekly gain
- —Trading volume doubled the 30-day average at 9.71% of market cap
- —Price holds above the SMA-200 at $0.0969
- —The token remains 96.75% below its all-time high of $3.28
Why it matters: The pullback looks like profit-taking amid market-wide liquidations rather than a protocol issue; holding the SMA-200 keeps the medium-term uptrend intact.
Source: DiarioBitcoin