🚨 Algorand (ALGO) Market Update – Sept 26, 2025 🚨
ALGO is currently trading around $0.203 (-1.5%), sitting just above the key $0.20 support zone.
🔹 Support: $0.20 – $0.175
🔹 Resistance: $0.23 – $0.25
🔹 Trend: Bearish bias, but oversold indicators hint at a possible bounce.
📊 Technicals show sellers still in control, with most moving averages above price. However, if ALGO can defend the $0.20 level, we could see a short-term rebound toward $0.23–$0.25. A clean breakout above $0.25 would open the path toward $0.28–$0.32 in the mid-term.
⚠️ Risk: A breakdown below $0.20 may drag ALGO to $0.175 or lower.
🔎 Watchlist:
1. Price action at $0.20 support
2. Volume confirmation on any rebound
3. Broader market sentiment (BTC, ETH trend)
📌 Summary: ALGO is at a decisive level. Traders should watch $0.20 closely — hold for bounce potential, lose it and more downside likely.