Algorand's Price Stalls at $0.14 Ceiling Despite Bullish Sentiment

Algorand (ALGO) is currently trading at $0.13, having gained 2.82% on October 2, but its momentum indicators are not cooperating with price as it pushes against the Bollinger Band ceiling at $0.14.

The Moving Averages Convergence Divergence (MACD) has flatlined, indicating a lack of acceleration in price's upward trend.

Despite smart money being positioned 2:1 long and retail traders also favoring long positions, the tape is not aligning with their intentions.