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Market Overview
ALGO/USD closed at 0.1821, down 0.65% from the previous close of 0.1833, continuing a downtrend with a 30-day decline of 3.91%. The price remains below the 20-day SMA of 0.18337 and the 50-day and 200-day DMAs, indicating sustained bearish momentum. The RSI is consistent with weakening buying pressure. Nearest support is around 0.1772, with resistance near 0.1850. No significant upcoming events are currently noted that might alter this trajectory. Technical indicators suggest continued downward pressure unless market conditions improve. For information only.
Last Updated 10/30/25

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.