$ALGO is the native token of the Algorand blockchain, a Pure Proof-of-Stake layer-1 platform focused on fast, low-fee transactions and scalable dApps. Its price has been trading modestly around recent lows, showing some recovery with weekly gains amid broader market volatility. $ALGO remains far below its all-time highs, reflecting long-term bear market pressure despite ongoing ecosystem development and protocol upgrades. Institutional interest and staking incentives could support future demand, but price action is sensitive to overall crypto sentiment and resistance levels. Traders watch key support and resistance zones for potential trend shifts.

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