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BTCC / BTCC Square / Global Cryptocurrency /
Algorand ALGO Dips 6% Amid Technical Resistance at $0.27, Maintains Resilience

Algorand ALGO Dips 6% Amid Technical Resistance at $0.27, Maintains Resilience

Author:
Global Cryptocurrency
Published:
2025-07-30 13:11:35
6
1
[TRADE_PLUGIN]ALGOUSDT,ALGOUSDT[/TRADE_PLUGIN]
Algorand ALGO News -

Algorand's ALGO token dropped 6.09% to $0.25 as neutral momentum persisted, with its RSI at 48.86. The decline follows Tether's announcement to end USDT support on the Algorand blockchain by September 1, 2025, raising near-term liquidity concerns.

Despite bearish pressure, ALGO demonstrated resilience earlier this week, bouncing 3.24% to $0.28 after a dip to $0.2675. Institutional and retail interest remains steady, bolstered by Algorand's growing ecosystem, including Wormhole integrations and new staking services.

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