Algorand rises 9.7% on technical momentum
Algorand (ALGO)
Editor:
Eugene Serbin
Tradersunion.com reports that Algorand (ALGO) surged 9.76% as technical buying and broader market momentum drove a breakout. This move is supported by prices holding above key short-, medium-, and long-term moving averages. Trading volumes have exceeded historical averages, contributing to a 33% gain over the past 30 days.
The rally is primarily attributed to technical trading and increased attention rather than confirmed protocol announcements. Updates for Algorand’s SDK and Pera Wallet are scheduled for September 30, 2026, but have not yet impacted price. ALGO/USD trades above its 20-day, 50-day, and 200-day moving averages at $0.1022, $0.0931, and $0.0974 respectively.
The strongest near-term resistance sits at $0.1391, with key short-term support at $0.1225. Momentum indicators like MACD and ADX favor buyers, while the RSI is elevated at 69.28. The CCI and Stochastic RSI flag overbought conditions, and Bull/Bear Power remains positive. Analysts note that holding support levels could allow for further upside if the breakout sustains.
How the market reacted
Whalio's own Binance spot order flow for ALGO, measured when this story was written up on 28 September 2026. Not the outlet's figures.
Whalio data shows ALGO trading at $0.1195 with a 1-hour buy ratio of 49.5% and a 4-hour buy ratio of 53.9%. These short-term readings suggest a slight shift toward balanced or fading buying pressure compared to the 24-hour buy ratio of 47.8%. The 1-hour volume delta is negative at -$23,807, indicating recent selling pressure, while the 4-hour delta is positive at +$707,679. Over 24 hours, the net volume delta is -$151,969, showing that sellers have outweighed buyers in the last day. CVD closed at +$722,520, reflecting that cumulative buying pressure has been stronger over the full day despite recent dips. Net buying occurred in 11 of the last 24 hours, with total spot volume reaching $3,491,557 across 24,746 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, the 7-day average buy ratio was 52.7%, compared to the latest day's 47.8%, a drop of 4.9 points. Volume for the latest day was 0.62x the weekly average, indicating significantly lower activity than usual. Despite this drop, the coin experienced net buying for all 7 days of the period. The price increased by 9.8% over the 8-day window, with a total volume delta of +$1,814,219. This recent day of reduced volume and lower buy ratios marks a less intense phase of the week's overall bullish trend.