Following significant gains, ALGO remains tightly ranged between $0.39 and $0.32. Traders await a breakout in either direction, which will define its next price action. Sustaining above $0.39 could fuel a bullish trend, while falling below $0.32 might prompt a bearish shift.
Daily active addresses for ALGO have increased by 15.93%, suggesting heightened speculation. Currently, 80.79% of ALGO addresses hold profits, indicating solid support among holders, which bodes well for potential price surges in response to market movements.