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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Algorand [ALGO] has started to lose short-term momentum after running into a strong supply zone near $0.11. The supply zone held firm, and since then, the token’s price action has been sliding lower with increasing pressure from sellers. The rejection did not happen quietly. It came with conviction, suggesting that sellers were already waiting at higher levels. A correction, not a collapse Even with the recent drop, ALGO’s long-term structure has not completely changed. The broader structure still leans bullish. The steady bearish run that has held for the last eight days looks more like a correction phase after a strong push, not a full breakdown. Retail activity is picking up There is also a noticeable shift in participation. In fact, more retail traders are entering the Futures market, as seen through changes in retail activity data. This usually happens when volatility rises. Smaller traders rush in, often reacting to price rather than leading it. Sellers still have the upper hand Right now, the data is clear. The Futures taker CVD shows that sellers are still in control. That matters because it explains the pace of the current move. If this dominance continues, the drop toward $0.094 could happen faster than expected. What to watch next The key question is not whether ALGO is bullish or bearish overall, but what happens after this correction. If buyers step in around $0.094 and defend it well, the broader uptrend could quickly regain strength. If not, the market may need more time to stabilize. As it stands, ALGO’s rejection at $0.11 has triggered a clean pullback, driven largely by seller dominance in the short term. However, the larger structure remains intact, underlining the current price slide as a reset phase—one that could set the stage for the next move if key levels hold. For ALGO, the imbalance zone between $0.084 and $0.094 stands out as the inflection point for the anticipated momentum shift. Final Summary ALGO rejected the $0.11 supply zone, triggering a sharp bearish move. Seller dominance and rising retail activity point to a potential drop toward $0.094.

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