Algorand rises 7.59% as momentum shifts higher
Algorand (ALGO)
Editor:
Eugene Serbin
tradersunion.com reports that Algorand (ALGO) is trading at $0.1333, up 7.59% on the day. The price sits above key moving averages, reflecting robust short-term momentum. As a large mid-cap asset with a $1.15 billion market capitalization, ALGO draws institutional attention and supports deeper network liquidity.
It trades above its hourly MA-20 at $0.1274, MA-50 at $0.1264, and the long-term MA-200 at $0.0982. The Ichimoku Kijun is positioned at $0.1275 and acts as an immediate support level. Momentum signals are mixed, with MACD giving a Buy signal while ADX remains Neutral.
Bull/Bear Power shows strong buyer dominance intraday, though Stoch RSI is Oversold. Earlier analysts noted short-term pressure, but the rebound signals a shift to stronger momentum. The next critical test centers on sustaining price action above the $0.1273 support. The expected price range for the next 2–3 trading days is between $0.1273 and $0.1393.
How the market reacted
Whalio's own Binance spot order flow for ALGO, measured when this story was written up on 2 October 2026. Not the outlet's figures.
Whalio data shows ALGO trading at $0.1226 with a 1-hour buy ratio of 46.5% and a 4-hour buy ratio of 53.3%. The 24-hour buy ratio stands at 46.2%, indicating that buying pressure is fading compared to the 4-hour timeframe. The 1-hour volume delta is -$40,496, while the 4-hour delta is +$117,411, showing that short-term selling is outweighing buying. The 24-hour volume delta is -$556,364, confirming that net selling has dominated the day. A buy ratio below 50% means sellers are executing more trades than buyers, while a negative volume delta indicates that sell volume exceeds buy volume. This flow suggests that despite the price rise, immediate selling pressure is increasing.
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%, compared to the current 24-hour ratio of 46.2%. This represents a 5.4 point drop in buying interest relative to the weekly average. Spot volume was 0.76x the average, indicating lower than usual trading activity. The weekly volume delta was +$1,993,773, contrasting with the current 24-hour delta of -$556,364. This is an unusual day for the coin, marked by a shift from net weekly buying to net daily selling. Price changed +8.3% over 8 days, but the recent flow shows a reversal in momentum.