Algorand rallies 5.26% as volume doubles and technicals turn bullish
Algorand (ALGO)
Editor:
Eugene Serbin
tradersunion.com reports that Algorand (ALGO) is trading at $0.1061, marking a daily gain of 5.26% driven by strong upward momentum. The asset is positioned above its key moving averages, including the MA-20 at $0.1032 and the MA-50 at $0.1001 on the hourly chart. According to Diariobitcoin, daily trading volume has risen to twice its typical monthly average, reflecting a surge in buyer participation.
This influx of activity increases market liquidity and often triggers further demand from both retail and institutional participants. On the daily timeframe, the token sits above the MA-200 at $0.0963 and approaches its quarterly resistance. The Ichimoku Kijun level at $0.1046 now serves as immediate support for the current price action.
Momentum remains positive, with both MACD and ADX signaling a Buy bias. The RSI is at 64, aligning with a Buy bias, while Bull/Bear Power indicates clear buyer dominance in intraday price action. While the CCI is in the overbought zone, the Awesome Oscillator supports the ongoing upward momentum.
ALGO is expected to consolidate within the $0.1015 to $0.1107 range, with a very high probability of further upward movement. The downside risk is considered very low, though a decline below $0.1046 may prompt a brief retracement.
How the market reacted
Whalio's own Binance spot order flow for ALGO, measured when this story was written up on 20 September 2026. Not the outlet's figures.
Whalio spot data shows ALGO trading at $0.1051 with a 1-hour buy ratio of 55.4% and a 4-hour buy ratio of 56.3%, both higher than the 24-hour ratio of 53.1%. This indicates that buying pressure is building in the shorter timeframes compared to the daily average. The 1-hour volume delta is +$156,151, while the 4-hour delta is +$428,296, showing net positive flow. The CVD at the 24-hour close is +$279,990, confirming that buyers have been in control for the majority of the day. Specifically, there were 14 hours of net buying out of 24. The buy ratio represents the percentage of volume driven by buy orders, while the volume delta measures the difference between buy and sell volume.
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 7-day average buy ratio was 51.6%, making today's 24-hour ratio of 53.1% an increase of 1.5 points. Spot volume for the 24-hour period was $4,073,108, which is 1.71 times the average volume. This volume spike aligns with the 8-day price change of +13.4% and a total volume delta of +$895,180. There were 6 days of net buying out of the last 7, indicating a sustained period of accumulation. This is an unusual day for the coin, characterized by significantly higher volume relative to its average.