Algorand tests $0.14 resistance as DEX fees jump 2,777%
Algorand (ALGO)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Algorand is trading at $0.13 on September 29, 2026, pressed against the upper edge of its daily Bollinger Band with an RSI above 73. The daily trend is described as unambiguously bullish, with price sitting above all major moving averages and a structure that remains intact. However, the RSI at 73.81 places the asset in overbought territory, which historically raises the odds of a pause or pullback before the next leg higher. The moving average stack confirms this bullish regime, with the price at $0.13 sitting above the 20-EMA at $0.11, which in turn sits above both the 50-EMA and 200-EMA, both around $0.10.
How the market reacted
Whalio's own Binance spot order flow for ALGO, measured when this story was written up on 29 September 2026. Not the outlet's figures.
Algorand is currently trading at $0.1360 on Binance spot markets. Buy ratios show a slight increase in short-term momentum, rising from 50.5% in the last hour to 55.8% over four hours, compared to 52.7% over the last 24 hours. This shift indicates that buying pressure is building in the immediate term relative to the broader daily average. Volume deltas reflect this accumulation, with net buying reaching +$5,315 in one hour and +$253,395 over four hours, contributing to a 24-hour volume delta of +$1,515,215. The Cumulative Volume Delta (CVD) closed at +$972,137, signaling that buyers have been in control for 17 of the last 24 hours. This positive flow suggests sustained demand, with a total spot volume of $28,783,071 and 251,459 trades recorded in the last day.
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, Algorand has seen a 7-day average buy ratio of 52.1%, with the latest day showing a slight increase of 0.5 points. Volume activity has surged significantly, reaching 6.11 times the average daily volume. This buying pressure has been consistent, with net buying occurring on 6 of the last 7 days. The price has increased by 20.9% over the last 8 days, supported by a total volume delta of +$3,001,195. Compared to the 24-hour readings, this week shows a more stable but less intense volume profile, though the directional bias remains firmly positive.