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One platform for global traditional assets
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Algorand (ALGO) price surged over 10% in 24 hours, testing a key downside resistance level around $0.09-$0.095. The rally is seen as a technical rebound, possibly driven by overall market stabilization and short covering, but lacking strong fundamental catalysts. If the closing price confirms above this resistance, the target price could be $0.12-$0.14; if it faces resistance and pulls back, ALGO may retreat to support levels around $0.083-$0.076.