Algorand tests $0.12 resistance amid elevated volume
Algorand (ALGO)
Editor:
Eugene Serbin
Tradersunion.com reports that Algorand (ALGO) is trading at $0.1136, up 7.98% on the day, while holding above its short- and medium-term moving averages. The asset experienced a notable spike in trading activity on September 24, 2023, when broader crypto liquidations triggered a 6.31% single-day drawdown. This event doubled ALGO's trading volume versus its 30-day average and temporarily disrupted normal liquidity dynamics.
Diariobitcoin notes that overall ALGO trading volume remains nearly 93% above its recent average, indicating ongoing participant engagement. On the technical front, the ALGO/USD pair trades above the MA-20 and MA-50 on the H1 chart, with the MA-200 providing long-term support at $0.0969. The Ichimoku Kijun at $0.1095 serves as immediate support, while the MACD displays a strong buy signal and the ADX shows an active trend.
The RSI is at 59.8 and the CCI indicates a buy, whereas the Stochastic RSI is in oversold territory. Analysts note that Algorand has shifted to a more favorable technical posture as new integrations improved its utility and market structure. Over the next two to three trading days, ALGO is expected to trade within a volatility band from $0.1086 to $0.12.
The baseline scenario is for sideways consolidation, with a break above $0.12 unlocking further upside and a drop below $0.1086 prompting additional selling. The probability of an upward move is assessed as very high, with downside risk considered very low.
How the market reacted
Whalio's own Binance spot order flow for ALGO, measured when this story was written up on 25 September 2026. Not the outlet's figures.
Whalio data shows ALGO trading at $0.1132, with a 1-hour buy ratio of 40.8% compared to a 52.6% ratio over the 4-hour and 24-hour periods. This indicates that while buying pressure is strong over longer timeframes, it has weakened in the immediate short term. The 1-hour volume delta is negative at -$17,790, contrasting with positive deltas of +$24,075 for 4 hours and +$222,532 for 24 hours. A positive volume delta means that the total value of buy orders exceeded sell orders during that period, while a negative delta indicates the opposite. The 24-hour Cumulative Volume Delta (CVD) closed at +$272,575, confirming that net buying has dominated the day's activity. Net buying occurred for 14 of the 24 hours, with a total spot volume of $4,241,552 across 38,189 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 52.3%, which is slightly higher than the 52.6% 24-hour ratio, suggesting consistent but not accelerating buying interest. The 24-hour volume was 0.82x the average, indicating that trading activity was lower than usual for this period. This is an unusual day for the coin, as volume was 0.82x the average while the buy ratio remained stable at 52.6% versus the 52.3% weekly average. The coin has seen a price change of +25.1% over the last 8 days, supported by a total volume delta of +$1,844,773. Net buying occurred for 7 of the last 7 days, showing a sustained period of accumulation leading into this resistance test.