Algorand's Price Stalls at Critical Resistance: Will Momentum Accelerate or Collapse?
Algorand's (ALGO) price has stalled at $0.13-$0.14, with momentum oscillators suggesting caution.
The MACD histogram has flatlined, and the RSI is elevated, indicating a potential for selling pressure to compress upside probabilities.
A clean break above $0.14 would require conviction volume, but as of now, taker sell flow dominates spot markets.
Support sits at $0.12, below which the 20-day SMA at $0.11 and the brutal reality of a full retest of the $0.10 zone come into play.