$ALGO
AlGO is showing signs of life and bouncing back up! 🚀
After dipping to lows around $0.11 earlier this week, ALGO has staged a solid recovery, climbing nearly 9% at one point and pushing above $0.12 on a massive 170% surge in trading volume (hitting over 69M daily in recent spikes). This rebound stands out while much of the broader market remains choppy.
Key drivers behind the momentum:
1. Renewed buyer interest and accumulation after testing key support levels.
2. Bullish technical signals like RSI rebounding from oversold territory.
3. Positive ecosystem developments, including the Algorand Foundation's return to the U.S. (Delaware HQ) amid more crypto-friendly vibes, plus integrations like XO Swap in Pera Wallet for seamless cross-chain action.
Current price is hovering around $0.12 (with some fluctuation between $0.115–$0.126 recently), and analysts are eyeing potential continuation toward $0.129 resistance, or even $0.15–$0.20 if volume and momentum hold