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Algorand Just Printed a 13% Move. It Didn’t Stick

Algorand Just Printed a 13% Move. It Didn’t Stick

DailyCoinDailyCoin2026/10/08 20:03
By:DailyCoin

The 15-minute RSI is 77.0 and rising: genuinely overbought, and a warning that chasing the latest impulse can be mistaken for confirmation of the larger trend. With quantum-computing dangers lurking around, Algorand’s (ALGO) defiance from the broader market pierce movement comes due to the strongest position in terms of quantum resistance.

Algorand has been named as one of the frontrunners in the quantum computing hazard prevention schemes by Google. Some of the completed work by Algorand’s Layer-1 chain develops includes the support Falcon signatures, while native Falcon-1024 accounts have been live since August 2026. That also was met with a double-digit uptick.

Historical Pattern Puts $0.25 In Play For Algorand

Algorand’s (ALGO) price hasn’t been there since September 15, 2025. SoSoValue’s stats also point to a 96% drop from the all-time high (ATH) of $3.30, netted more than 7 years ago. A break towards the predicted $0.25 line would take Algorand’s (ALGO) price up 292% from current ranges.

Algorand’s (ALGO) June 2026 roadmap sets broad quantum-computing resilience for the end of 2027. Still listed as research, the full toolkit is set to go live next year, including post-quantum multisig for institutions, treasuries, high-value operations & a post-quantum verifiable random function plus signatures for consensus messaging. That’s confirmed by Algorand’s dev team.

Bears Take a Bite Of Algorand’s Double-Digit Rally

However, the daily upswing on Thursday has turned out to be a bull-trap. Hours after hitting the $0.133 resistance line, Algorand’s price backtracked below the $0.12 level, just above the low-tier Bollinger Band (BOLL), pictured in green. This stands for near-term support, but the whale sentiment-measuring Chaikin Money Flow (CMF) hints at big-time investors selling.

The same can be said for Futures markets. Per CoinGlass, the 24-hour liquidation scales have completely turned around from bullish to bearish. The long Algorand (ALGO) price placements have accounted for $620.6K out of $907.32K in excessively-leveraged liquidations on Thursday. On the other hand, the long versus short ratio kept above 1.01, signaling broader rebound belief.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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