$ALGO /USDT – Market Update (Binance-safe | Ready to Post)

Algorand (ALGO)

Current Price: $0.1160

24h Change: -0.94%

24h High: $0.1189

24h Low: $0.1134

24h Volume: ~$3.53M USDT

Market Update:

$ALGO is under short-term selling pressure after rejecting from the $0.145 area. Price has retraced sharply and is now consolidating near the $0.116 zone, which is acting as a minor demand area. Volume has cooled down, indicating possible stabilization before the next move.

Key Technical Levels:

Support Zone: $0.113 – $0.110

Major Support: $0.107

Resistance Zone: $0.123 – $0.131

Major Resistance: $0.145

Trading Zones (Educational):

Possible Buying Zone: $0.113 – $0.110 (wait for confirmation / reaction)

Selling / Take Profit Zone: $0.123 – $0.131

Risk Invalidation: Daily close below $0.107

Market Outlook:

If ALGO holds above $0.113, a short-term bounce toward $0.123+ is possible. A breakout above $0.131 could signal trend recovery. Losing $0.110 may open downside toward $0.107 support.

Risk Management Tip:

Trade with strict stop-loss, avoid chasing red candles, and keep position size small in high-volatility conditions.

Educational content only. Not financial advice.