Algorand rallies 20% on v5.0 upgrade as momentum stretches
Algorand (ALGO)
Editor:
Eugene Serbin
tradersunion.com reports that Algorand (ALGO) surged nearly 20% last week to approach $0.12, driven by buyers pushing momentum to stretched levels. The rally coincided with the implementation of a v5.0 network upgrade that enhanced the Algorand Virtual Machine and introduced larger program limits and advanced cryptographic functions. According to Coinfomania, these changes aim to improve developer flexibility and spur innovation in decentralized applications.
DiarioBitcoin highlighted a spike in trading volume that placed Algorand among the top crypto performers, despite a year-to-date decline in total value locked. Technical indicators show volatility at 17.68%, with the RSI approaching overbought territory at 66.3649. The Stochastic RSI is also in the overbought zone, while the MACD remains positive to support the rally.
Price action is currently pinned near the weekly high, facing resistance at $0.1185. Immediate support is defined by the Ichimoku Kijun at $0.1011. Analysts note that participants are monitoring for breakout signals above $0.1185 to confirm further upside potential. The expected trading range for the week is $0.1057 to $0.1246, with a high probability of an increase.
How the market reacted
Whalio's own Binance spot order flow for ALGO, measured when this story was written up on 26 September 2026. Not the outlet's figures.
Whalio data shows ALGO trading at $0.1164, with a 1-hour buy ratio of 70.0% indicating strong immediate buying pressure. This contrasts with the 4-hour buy ratio of 44.2%, suggesting that short-term momentum is fading compared to the broader 24-hour trend. The 24-hour buy ratio stands at 53.9%, showing a slight majority of buyers over the longer timeframe. Volume Delta for the 1-hour period is positive at +$29,625, while the 4-hour delta is negative at -$40,518. This divergence suggests that while recent trades are buying, the previous four hours saw more selling pressure. The 24-hour Volume Delta is +$417,045, confirming net buying over the full day. CVD closed at +$350,141, further supporting the dominance of buyers in the daily session.
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, the average buy ratio was 52.6%, with the latest day showing a slight increase of 1.3 points. This indicates that buying interest has remained consistent and slightly above average throughout the period. Volume was 0.97x the average, showing near-normal trading activity levels. ALGO gained 18.9% over eight days, with a total Volume Delta of +$2,239,101. This confirms a sustained period of net buying across all seven days of the week. The current 24-hour buy ratio of 53.9% is slightly higher than the weekly average of 52.6%, indicating a modest acceleration in buying pressure relative to the recent trend.