ALGO gains 8.78% but technical pressure remains
BROBROK News · Based on reporting by DiarioBitcoin ·
ALGO traded at $0.099133 on Nov. 4, 2026, up 8.78% from the open and 7.77% from the prior close. The rebound came alongside a broader market recovery, but lower volume and a bearish MACD keep the technical picture fragile.
Key points
- ALGO rose 8.78% from the open and 7.77% versus the prior close
- Daily volume was 24.34% below the 30-day average
- Immediate resistance sits around $0.1006 to $0.1012
- MACD remains bearish and the monthly performance is down 22.44%
- The move appears tied to a broader market rebound, with no ALGO-specific catalyst confirmed
Why it matters
For crypto investors, this looks like a short-term bounce rather than a confirmed trend reversal. Weak volume and bearish indicators suggest the move may fade unless buying interest improves.
Original headline: “Algorand (ALGO) rebota 8,78% desde la apertura, pero sigue bajo presión técnica | 4 de noviembre de 2026”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.