Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Algorand (Algo) Eyes $ 0.31- But this says it’s not too fast.
ALTCOIN NEWS

Algorand (Algo) Eyes $ 0.31- But this says it’s not too fast.

By Crypto FlexsMay 30, 20253 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Algorand (Algo) Eyes $ 0.31- But this says it’s not too fast.
Share
Facebook Twitter LinkedIn Pinterest Email
  • Algorand handled 1 million+ transactions for 24 hours as the active address increased almost 30%, but the price fell 0.45%.
  • The finest merchant maintained the moment, but the retail store was steadily sold, and now Algo has maintained less than $ 0.22.

Algorand (Algo) has dealt with more than a million transactions for 24 hours, and the active address has soared almost 30%.

Nevertheless, ALGO has not yet recorded a positive profit in the market.

In fact, the price of Altcoin has decreased by 0.45%over the last 24 hours, and overall performance last week has decreased by 9.44%.

AMBCRYPTO Analysis shows the possibility of a rally on the chart despite these achievements in terms of profits.

But the problem still remains. What stops Algo?

Algo’s new milestones and price behavior have been explained

According to a recent report, Algorand’s hot chains are notable.

At the time of writing, the network reached a million -run transactions, and the active address rose to 108,000. This has increased almost 30%.

Source: Nansen

According to Nansen, the reservoir and high use have led the recent milestone. Interestingly, AMBCRYPTO has linked this to the reaction at the main support level.

On the chart, Algo formed the triple floor line right above the support. The price of the above drop can be $ 0.3128, or 47%.

Source: TradingView

But weak exercise suggests that assets can be lost or can be posted at least.

Is Momentum accumulating?

Analysis of the spot and derivatives market shows that the overall market momentum is very low.

In the field market, the Exchange Netflow, a metrics used to evaluate long -term purchase and sales activities, checks this trend.

Source: COINGLASS

SPOT Market Traders currently sell assets instead of purchasing. So far, $ 74,000 has been sold.

At the time that Altcoin trades at the main support level, the sale is not added to the potential of the strongest, and ALGO can continue to trade within this range.

Derivatives are not much different.

In fact, it suggests an optimistic trajectory despite the high sales pressure.

High sales, weak exercise -meaning

Emotions were optimistic in derivatives, but conviction seemed to be shaken. The volume increased 11.79% to $ 83.10 million, but the public interest (OI) fell 2.72% to $ 84.27 million.

The inconsistency between the volume rise and the drop in OI generally indicates low trust.

Source: COINGLASS

Meanwhile, the long and short ratio fell to 0.9088.

Interestingly, Binance’s top traders still lasted long and the long and short ratio of account levels was higher than 2.0. This resulted in discord. Whales can be ready to rise, but the sleeves are still withdrawn.

Source: COINGLASS

If the sales pressure continues to increase, there is a risk of knowing that it remains in a low price until a significant purchase momentum appears.

Next: Bitcoin regains $ 110K -Now we will create or break the new Rally of BTC.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025
Add A Comment

Comments are closed.

Recent Posts

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

ChainUp Named Double Finalist At Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

September 4, 2025

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025
Most Popular

BC. The game promises complete transparency by starting a pioneer solar or air drop with $ 400 million BC tokens.

February 18, 2025

Bybit Web3 Announces Upcoming IDO for Thetanuts (NUTS)

May 14, 2024

Mempool Explorer Launches Service to Quickly Process Unconfirmed Bitcoin Transactions Through 5 Mining Pools

July 29, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.