🚨
$ALGO Just Made a Big Move… But Is the Real Story Starting Now?
ALGO is getting interesting again.
From the recent September low near $0.089, Algorand has staged a strong recovery, and your 15M chart shows price reaching $0.1405 before pulling back toward $0.1331.
Technically, this pullback matters.
ALGO is currently below the 7MA ($0.1363) and 25MA ($0.1354), while the 99MA sits near $0.1312. RSI has also cooled to around 32.6, showing short-term selling pressure.
So, $0.1310 is the level I’m watching closely.
Hold it, and the market could attempt another move toward $0.1360 → $0.1405 → $0.1418. Lose it with strong volume, and $0.1250 becomes an important downside area.
But the bigger story isn't only the chart.
Algorand reported 677K monthly active wallets in August, 32.9M transactions, and 305K new assets created. TVL also increased to $67M.
On top of that, Algorand is pushing into AI-agent payments and post-quantum security.
The chart is heating up—but the fundamentals are worth watching too.
$ALGO may be more than just another bounce.
#ALGO #ALGOLAND #altcoins