🚨 $ALGO Crashes Nearly 8% — Is a Bounce Coming or Will It Break Down Further? ⚠️📉

ALGO/USDT is trading at $0.2685, down a sharp -7.92% in the last 24 hours. After reaching a high of $0.2980, ALGO slid to a 24h low of $0.2618, reflecting strong bearish pressure in the Layer 1 space.

With 74.28M ALGO traded and $20.69M USDT in volume, it’s clear that traders are actively reacting to market conditions. The current price sits just above a key support zone — a critical level that could decide the next major move.

If ALGO holds $0.2618 and breaks back above $0.2724, we could see a relief rally toward $0.2840–0.2900. But if it loses support, expect a potential drop toward $0.2550 or lower.

📊 Key Metrics:

• 24h High: $0.2980

• 24h Low: $0.2618

• Volume (ALGO): 74.28M

• Volume (USDT): $20.69M

Momentum is weak — caution is advised. Let price action confirm direction before making any trade.

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