Algorand (ALGO) Sits 9% Below Last Week's Level, Under $0.10

A $0.0951 Candle and Split Open Interest

Algorand (ALGO) ended the week below its round $0.10 line. The daily candle printed on Saturday, October 31 showed $0.0951, with an intraday band running from a $0.0955 open to a $0.0964 high and a $0.0951 low, and an on-screen change of -0.42%. The chart carried no time zone label for the daily bar, so the display cannot be treated as a settled close at any specific hour. Live monitoring now shows the Algorand price at $0.0949, down 0.5% over 24 hours and a further 0.2% since the most recent published reading at 11:24 UTC. The weekly gap is wider. The October 24 candle showed $0.1045, which puts the October 31 display roughly 9.0% lower; both values are daily candle displays for their dates rather than matched intraday ticks. Algorand had already been trading under the round number when it recorded $0.0993 on October 29, and the token of a proof-of-stake blockchain has spent the closing stretch of the week drifting further from that line. Derivatives readings point in two directions at once. Perpetual open interest on Binance's Algorand (ALGO) futures contract stood near $6.5 million at 10:40 UTC on October 31, a decline of 5.5% over the preceding 24 hours. An aggregate across seven exchanges, taken at 09:50 UTC, reached $42.88 million, up 1.24% over its own 24-hour window. The readings sit 50 minutes apart and cover different scopes, so a decline on a single contract and an increase on a multi-venue aggregate cannot be read as one market moving in one direction. The October 31 range itself spanned barely $0.0013, so the day's directional information is thin and the positioning debate carries extra weight for a token without a reported catalyst.

Open interest counts the value of futures contracts that have not yet been closed or settled. Because every open contract pairs a buyer with a seller, its rise or fall says nothing on its own about which side of the market traded more aggressively. Exchange interfaces keep taker buy volume, taker sell volume, the buy-sell ratio and aggregation timestamps as separate fields precisely so order-flow direction can be read independently of the position count. The ambiguity is not new for this token. On October 28 the rolling 24-hour figure for the Binance contract showed a 3.12% increase, while a comparison pinned to a fixed 09:00 snapshot on the same day registered a decline. A headline circulating during that session claimed open interest had jumped 13.89% over 24 hours, but the underlying page would not load, leaving the contract, the comparison time and the taker flows unverifiable. An AI-generated market commentary placed the token at $0.0954 at 03:04 UTC and described the move as a technical rebound, without naming any distinct catalyst. The week's weakness extended an earlier leg down, when the token saw a 5.4% drop to $0.1073 in 24 hours, before the slide into the sub-$0.10 band. Chart baselines entered the picture as well: daily indicator levels put the first resistance zone at $0.0981 and the next at $0.1013, read as support and resistance levels derived from chart criteria rather than resting sell orders. Those baselines and the sub-$0.10 zone are separate reference points: one describes where the price sits, the other where indicator confluence meets. With exposure spread across seven venues, readers weighing where to trade can consult our overview of the best crypto exchanges. Anyone following Algorand price action through the weekend is left, for now, with a positioning picture split between a single venue and a seven-exchange aggregate.

The $0.1013 Barrier Scores 100/100

Two chart levels frame the week's damage. COINOTAG's composite, which scores each confluence 0 to 100 from the indicators meeting there, puts the heaviest barrier at $0.1013, where a Fibonacci retracement level, the 200-day moving average and the second pivot resistance converge, at 100/100; the strongest floor sits at $0.0887, scored 94/100. Positioning leans the same way as the tape: the perpetual funding rate reads -0.0148%, and aggregate open interest stands at $10.3 million. Momentum agrees, with the relative strength index at 33.72 and a bearish MACD signal inside a defined downtrend, mapped in full on our ALGO technical analysis page. A daily close back above $0.1013, or a loss of $0.0887, would be the first reading to change that picture.