Weekly chart shows $ALGO testing the $0.23 support after rejecting near $0.26.
Volume stayed steady, suggesting rotation rather than capitulation.
Structurally, the higher-timeframe trend is intact as long as $0.22 holds.
What makes this level interesting is that @Algorand already power RWAs used cases and payments keep driving real on-chain flow.
With 62% of tokenized stocks issued on Algorand, the fundamentals give weight to a potential bounce from here.
Are we looking at a healthy reset before the next leg up?

From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

