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BTCC / BTCC Square / Global Cryptocurrency /
Algorand (ALGO) Tests Support at $0.1336; Bullish Rebound to $0.33 in Sight?

Algorand (ALGO) Tests Support at $0.1336; Bullish Rebound to $0.33 in Sight?

Author:
Global Cryptocurrency
Published:
2025-12-06 17:28:09
27
2
[TRADE_PLUGIN]ALGOUSDT,ALGOUSDT[/TRADE_PLUGIN]
Algorand ALGO News -

The Algorand (ALGO) token is currently exhibiting bearish momentum, with technical indicators like the RSI and MACD suggesting further declines may occur before any potential recovery. Trading at $0.1336, the token shows signs of stability, which could indicate a calm before the storm.

The Algorand Foundation is highlighting a significant pilot program with Bullfrog Power, leveraging its blockchain to issue transparent and Immutable digital sustainability certificates. This initiative tokenizes renewable energy usage for clients like Staples Canada, enhancing the auditability and trust in green claims.

A custom Algorand Explorer enables real-time tracking of certificate attributes on-chain, reinforcing the network's utility for enterprise solutions. Market watchers are eyeing a potential rebound to $0.33 if bullish momentum emerges from the current support levels.

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