Algorand’s 66% transaction surge and low volatility: Is ALGO set to soar?

Algorand’s transaction volume surged by 66%, making it the fastest-growing blockchain this week. At the same time, volatility fell to 65.57%, indicating a stable price despite increased usage, suggesting potential bullish accumulations.

Whale wallets increased their ALGO holdings by 5.12%, reflecting a bullish sentiment. However, retail engagement is cautious. The price is currently testing critical resistance points at $0.2541, $0.3006, and $0.3491.

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