•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
After a sustained decline to a low of $0.105, Algorand (ALGO) found support and reversed. The altcoin held the $0.11 support level and climbed to $0.118, flipping both its short-term and 100-day moving averages.
As of this writing, Algorand traded at $0.116, up 10.36% on the daily charts. Over the same period, trading volume rose 101% to $62 million, indicating increased market participation.
Algorand’s rebound followed a signal of recovery from a $0.10 slip, with speculators returning to the market and chasing the rally.
Coinglass data showed derivatives activity strengthening: Derivatives Volume rose 21% to $89.5 million, while Open Interest increased 5% to $56.2 million.
With open interest and derivatives volume rising together, the data pointed to increased participation and steady capital inflows. Algorand futures inflow rose to $24.18 million compared with $21.83 million in outflows.
Meanwhile, the Long Short Ratio on Binance and OKX remained above 1, while the overall ratio was $0.94. This suggested traders on those platforms were leaning bullish and taking long positions, even as the broader market showed signs of demand for short positions.
Despite the rebound, profit-taking accelerated as traders who bought at lower prices cashed out. Coinglass reported exchange deposits rising to $5.27 million, while withdrawals fell to $4.25 million.
As a result, Spot Netflow rose 854% to $1.02 million, suggesting exchanges saw more sellers than buyers. Such market behavior often precedes stronger downside pressure, raising the risk of lower prices.
Algorand’s upside momentum was supported by technical strength. The Relative Strength Index (RSI) made a bullish crossover and rose to 60, indicating buyers had taken control of the market.
With buyers showing momentum, ALGO is currently testing the 200 EMA at $0.12. If the move holds, the altcoin could flip $0.12 and target another move toward $0.13.
However, profit takers remain active. If selling pressure increases, ALGO could fall back below $0.11, with a potential retest toward $0.105.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
