$ALGO /USDT is currently trading at $0.2005, reflecting a decline of 4.39% over the past 24 hours. During this period, the price has fluctuated between a high of $0.2107 and a low of $0.1994.
In the last hour, the price has seen a slight decrease of $0.0002 (-0.10%), indicating that the downward trend continues after recent losses. The total trading volume for ALGO stands at 20.15M, with a USDT volume of 4.12M in the last 24 hours.
The order book shows a bearish sentiment, with 52.64% sell orders compared to 47.36% buy orders, suggesting that sellers currently dominate the market.
Over the past week, ALGO has decreased by 9.53%, but it has shown some recovery potential with a 6.20% increase in the last 30 days. However, it remains significantly down by 34.32% over the past 90 days. In the longer term, ALGO has appreciated 74.11% over the last 180 days and 2.82% over the past year.
Investors should keep an eye on the support level around $0.20. If this level holds, it may present an opportunity for recovery; otherwise, further declines could be expected.
