Algorand DEX fees surge 2,777% as ALGO RSI hits overbought 73
- —ALGO at $0.13, above EMA20 ($0.11), EMA50 and EMA200 ($0.10)
- —Daily RSI14 at 73.81, overbought; MACD histogram flat
- —Pact fees +1,950.88%, Tinyman fees +2,777% over 30 days
- —Fear & Greed Index at 73, Bitcoin dominance at 58.37%
Why it matters: Surging DEX fees point to genuine on-chain activity, but overbought RSI raises the risk of a near-term pullback.
Source: The Cryptonomist (IT)