Algorand breaks resistance as volume surges on Binance
Algorand (ALGO)
Editor:
Eugene Serbin
tradersunion.com reports that Algorand (ALGO) is trading at $0.133, up 13.58% on the day, following a breakout above a key 90-day resistance level on September 28. The asset has exceeded its 20-week moving average for only the second time since September 2025, a shift Kucoin notes encourages increased participation from active traders. This technical move coincided with a sharp rise in trading volume, signaling renewed liquidity and the entrance of momentum-driven buyers.
Despite the bullish medium-term trend, ALGO remains below its short-term averages, illustrating a technical pullback within the broader alignment. On the h1 chart, the price stays above the MA-50 and MA-200 but has fallen below the MA-20. Momentum indicators show mixed signals, with MACD signaling a Strong Buy while CCI indicates overbought conditions.
Analysts note robust technical momentum and elevated activity despite the absence of major protocol developments. The baseline scenario projects ALGO to hold inside the $0.1247 to $0.1416 range over the next 2–3 trading days. A decisive break above $0.1416 would likely trigger further gains, while a drop below $0.1247 could prompt additional selling pressure.
How the market reacted
Whalio's own Binance spot order flow for ALGO, measured when this story was written up on 29 September 2026. Not the outlet's figures.
Whalio spot data shows ALGO trading at $0.1360 with a 24-hour buy ratio of 52.7%, indicating that buyers are slightly outpacing sellers over the full day. This compares to a 49.2% buy ratio in the last hour, suggesting that short-term buying pressure has eased compared to the broader daily trend. The 4-hour buy ratio stands at 53.6%, showing that buying interest remains stronger over the medium term than in the immediate short term. Volume delta data reveals a net outflow of -$17,028 in the last hour, contrasting with a net inflow of +$352,135 over the past four hours. This shift indicates that while cumulative buying has been positive, recent hourly activity has seen more selling than buying. The 24-hour volume delta of +$1,515,215 confirms that net buying has dominated the day, with spot volume reaching $28,783,071 across 251,459 trades.
The latest daily buy ratio of 54.0% sits at the 90th percentile of the last 322 days, against a median of 49.9% - among the strongest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for ALGO, averaged over the days leading up to the story.
Over the preceding week, ALGO saw a 7-day average buy ratio of 52.1%, with the latest day showing a slight increase of 0.5 points. Trading volume was 6.11 times the average, highlighting an unusual level of activity compared to typical days. The coin experienced a price change of +20.9% over eight days, driven by a total volume delta of +$3,001,195. Net buying occurred on 6 of the 7 days, reinforcing the consistent upward pressure observed recently. This volume surge significantly exceeds normal levels, marking this period as notably active for the asset.