ALGO Hits $0.11 Ceiling, Slides Toward $0.094 Like It's a Weekend Sale

Algorand [ $ALGO ] has started to lose short-term momentum after running into a strong supply zone near $0.11. The supply zone held firm, and since then, the token's price action has been sliding lower with increasing pressure from sellers. The rejection came with conviction, suggesting sellers were already waiting at higher levels. Looks like someone put up a "closed for business" sign at the $0.11 hotel, and ALGO got the hint.

A correction, not a collapse

Even with the recent drop, $ALGO's long-term structure has not completely changed. The broader structure still leans bullish. The steady bearish run that has held for the last eight days looks more like a correction phase after a strong push, not a full breakdown. Pullbacks like this often reset the price before the next move. Think of it as the crypto version of taking a breath before screaming to the moon—or at least to the next resistance level.

That's why the $0.094 price level now matters for prospective buyers looking to invest in the recent dip. The key zone of demand stands out as a likely target because it represents an imbalance left behind during the previous rally. Price tends to revisit such zones before deciding what comes next. Basically, $0.094 is where the smart money gets curious and the bag holders stop refreshing their screens every three seconds.

Retail activity is picking up

There is also a noticeable shift in participation. More retail traders are entering the Futures market, as seen through changes in retail activity data. This usually happens when volatility rises. Smaller traders rush in, often reacting to price rather than leading it. The cavalry has arrived, armed with emojis and conviction, ready to catch a falling knife and call it "buying the dip."

Sellers still have the upper hand

Right now, the data is clear. The Futures taker CVD shows that sellers are still in control. That matters because it explains the pace of the current move. If this dominance continues, the drop toward $0.094 could happen faster than expected. Bears are having their moment, and they're not ready to share the spotlight with