Algorand's Four-Month Stall Continues as Price Hovers Near All-Time Low

Algorand's price has been stuck near its all-time low of $0.0797, set in March, for four months now.

The six-timeframe chart shows a coin between chop and a slow bleed, with the monthly RSI reading at 43, indicating a lack of divergence against price.

Zooming out to the weekly chart, Algorand has been grinding lower since mid-2023, with an almost uninterrupted stair-step down that only paused briefly in late 2024 before continuing downward.

The daily RSI sits at 41, right up against the underside of neutral, and price is trading below its own 9-day EMA, which lines up around $0.0954 currently.

Recently, Algorand's price knifed down to $0.0818 on the 15-minute chart, dragged RSI under 20 in the process, but then clawed the whole move back within a handful of candles.