Algorand (ALGO) Rises 2.48% Over 24 Hours as Short- and Long-Term Signals Remain Mixed
- Algorand (ALGO) rose 2.48% in 24 hours to $0.1858, contrasting with 10.58% monthly and 44.42% yearly declines. - Technical indicators show mixed signals: RSI improved to neutral, while 50/200-day moving averages remain bearish. - A pending backtest aims to analyze ALGO's historical recovery patterns after 10%+ drops, requiring data source clarification. - The test would assess post-volatility behavior from Jan 1, 2022, to evaluate potential stabilization or continued decline trends.
As of October 24, 2025,
From a technical analysis standpoint, the price action presents a mixed picture. The positive movement over the last day and week could point to short-term buying interest, while the declines over the month and year emphasize a prevailing bearish outlook. Experts believe the upcoming weeks will be crucial for
Key technical tools used to analyze ALGO’s price trends include moving averages, the RSI, and MACD. Both the 50-day and 200-day moving averages remain bearish, with the shorter average staying below the longer one, supporting the ongoing monthly downtrend. The RSI has recently improved, moving from oversold conditions to a more neutral range, which could suggest a test of resistance levels soon. The MACD also shows a mixed scenario, as its histogram narrows and the slow line crosses above the signal line, hinting at a possible short-term reversal.
Backtest Hypothesis
To further examine the likelihood of short-term recoveries in ALGO, a backtesting approach has been suggested that focuses on price drops of 10% or more triggered by specific events. This method seeks to pinpoint past occasions when ALGO experienced such declines and then review how prices behaved afterward. The goal is to determine whether these corrections typically led to rebounds or further losses.
At present, the backtest cannot proceed because the appropriate data series for the symbol “ALGOUSD.UDC” is not yet available. To move forward, it is necessary to clarify the data source—either by specifying the correct exchange or confirming the use of another symbol such as ALGOUSD or ALGO-USDT on platforms like Binance, Coinbase, or Kraken. Once the correct data is secured, the backtest will cover the period from January 1, 2022, identifying all days with a daily loss of 10% or more and analyzing subsequent price movements. This analysis will help evaluate how ALGO has historically responded to sharp volatility and what that might mean for its future price action.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Textbook Liquidation: Monero Whale Faces $1.9M Loss in Leverage Trade
- A Monero whale's 3× leveraged $5.6M long position was liquidated at $0.02298, resulting in a $1.9M loss amid volatile price swings. - The trader initially gained $654K as MON surged but faced rapid reversal, highlighting risks of overleveraging in low-liquidity altcoins. - Analysts warn such high-risk strategies amplify both gains and losses, with liquidation margins often razor-thin in speculative crypto markets. - The event sparked mixed market reactions, with some viewing it as a cautionary tale while
Bitcoin News Today: BlackRock's ETFs: Institutional Embrace of Bitcoin Drives $245 Million in Revenue
- BlackRock's Bitcoin ETF (IBIT) drove $42.8M inflows on Nov 27, stabilizing BTC's $90K rebound amid macroeconomic uncertainty. - ETFs now hold 3% of Bitcoin's supply and $18.88B in ETH assets, shifting institutional focus from speculation to long-term accumulation. - Grayscale's Zcash ETF filing highlights growing altcoin demand, with ZEC surging 500% in two months amid privacy token trends. - Nasdaq's proposed IBIT options expansion to 1M contracts would align the ETF with major benchmarks like SPY, refl
Algorand - Has Declined 58.36% This Year Due to Market Fluctuations
- Algorand’s (ALGO) price fell 58.36% year-to-date, despite a stable 24-hour close of $0.1393. - The token ranks #86 with $1.23B market cap, attracting institutional interest but failing to sustain gains. - Founded by MIT’s Silvio Micali in 2017, Algorand aims to solve blockchain’s scalability-trilemma but faces adoption skepticism. - With 8.8B of 10B tokens in circulation, limited inflationary pressure contrasts with macroeconomic-driven price declines. - Analysts highlight the need for clearer enterprise
TAO Halving: Will It Spark an AI-Crypto Rally or Trigger a Prolonged Correction?
- Bittensor's first TAO halving (mid-Dec 2025) cuts block rewards by 50%, aiming to reduce inflation and boost price potential through supply scarcity. - Market analysts compare this supply-driven mechanism to Bitcoin's halving pattern, noting intensified miner competition and potential bullish cycles. - While reduced liquidity and macro risks (regulation, supply chains) persist, AI sector growth (e.g., Fluence's $5.3B backlog) could amplify TAO's post-halving momentum. - The automatic halving requires no
Trending news
MoreCrypto prices
More
