ALGO Rises 1.1% Amid Volatile 7-Day Slide, Backed by Upcoming Macro Events

On NOV 16 2025, ALGO rose by 1.1% within 24 hours to reach $0.165, while experiencing a 6.97% drop over the past 7 days, a 6.76% decline in the last 30 days, and a significant 50.55% decrease in the past 12 months. The recent one-day increase appears to reflect temporary short-term interest, although the broader trend continues to point to a struggling market presence for the asset.

Key macroeconomic developments are expected to influence market sentiment in the coming week. Inflation data from the United States, United Kingdom, and Euro Zone, particularly the U.S. CPI (YoY) for October, will be released as high-volatility events. These figures will be closely monitored by traders and investors, as they may provide insight into the trajectory of interest rates following the Federal Reserve’s current hesitance to cut rates. The FOMC meeting minutes, scheduled for the same week, are also expected to offer clarity on the central bank’s future monetary policy direction.

Technical indicators suggest a mixed picture for ALGO, with oscillators showing oversold conditions despite a recent rebound. However, the asset remains below key moving averages, signaling ongoing bearish pressure. Analysts project that the upcoming macroeconomic calendar could amplify short-term volatility and potentially trigger a more sustained rally if data points suggest a slowdown in inflation.

Backtest Hypothesis

A proposed backtesting strategy for ALGO involves simulating trades based on historical U.S. CPI and FOMC meeting-minute announcements. These macroeconomic events are known to influence market sentiment and, by extension, asset prices. To execute this strategy effectively, accurate historical data on event dates is required. Specifically, the test requires exact dates for: 1) Monthly CPI releases by the Bureau of Labor Statistics and 2) FOMC minutes releases, which typically occur about three weeks after each FOMC meeting.

Currently, the necessary data for these events is unavailable from the source. To proceed with the backtest, three options are available: A) Supply exact event dates manually, B) Generate a best-effort calendar based on historical schedules (e.g., CPI on the 10th–15th of each month and FOMC minutes three weeks post-meeting), or C) Explore an alternative automated source. Whichever route is chosen, the backtest will analyze ALGO’s performance from 2022-01-01 to the present, evaluating how the asset reacted around these key macroeconomic events.