$ALGO 💥ALGO trapped in a range

ALGO is moving between $0.16 and $0.25, without a breakout. This is typical of a crypto in prolonged consolidation, where accumulation often precedes a stronger move. But in the absence of an increase in speculative interest, the exit from this range remains uncertain. As is often the case, a triggering element will be needed: short squeeze, macro announcement, or coordinated movement by large holders. Otherwise, the sideways scenario will remain dominant.

Algorand meets several conditions: increasing adoption, long-term accumulation, favorable technical signals in the RSI. But in a crypto market where attention is volatile, more than just an increase in activity is needed to trigger a rally. For now, ALGO remains a fundamentally solid crypto, but clearly undervalued — frozen waiting for a credible trigger. Meanwhile, Ether ETFs are grabbing attention, attracting over $800 million in inflows and diverting attention from altcoins losing momentum.