Algorand (ALGO) Gains 2.48% in 24 Hours Amid Mixed Short- and Long-Term Trends

On OCT 24 2025, Algorand (ALGO) recorded a 2.48% increase in the past 24 hours, reaching a price of $0.1858. Over the last week, the cryptocurrency added 1.31%, showing some short-term resilience. However, the token continues to struggle with broader market sentiment, having fallen 10.58% in the last month and 44.42% over the past year. The recent 24-hour and weekly gains stand out against these longer-term losses, suggesting a potential stabilization in the near term.

From a technical perspective, the price movement reflects a mixed narrative. While the weekly and daily gains may signal short-term accumulation, the monthly and yearly declines highlight a broader bearish trend. Analysts project that the coming weeks will be pivotal for ALGO, with key resistance and support levels expected to influence near-term direction. The 24-hour rebound may indicate a short-term bottoming process, but confirmation will require sustained strength above current levels.

The technical indicators employed to assess ALGO’s price behavior include moving averages, RSI, and MACD. The 50-day and 200-day moving averages remain in a bearish configuration, with the shorter-term line below the longer one, reinforcing the monthly decline. The RSI has shown recent improvement, moving into more neutral territory from oversold levels, which could imply a retest of key resistance levels in the near term. The MACD has also reflected this mixed setup, with a narrowing histogram and a slow line crossing above the signal line, suggesting a potential short-term reversal.

Backtest Hypothesis

To further validate the potential for short-term rebounds in ALGO, a backtesting strategy has been proposed focusing on event-driven price drops of 10% or more. The approach aims to identify historical instances where ALGO experienced such declines and then analyze the subsequent price performance. This would offer insight into whether these types of corrections have historically led to recovery phases or continued declines.

Currently, however, the backtest is pending due to the unavailability of the correct data series under the symbol “ALGOUSD.UDC.” To proceed, the data source must be clarified—such as specifying the correct exchange or confirming the use of an alternative symbol like ALGOUSD or ALGO-USDT on Binance, Coinbase, or Kraken. Once the data is confirmed, the backtest will run from January 1, 2022, identifying all days with a daily return of -10% or less and analyzing the price movement afterward. This will help assess the token’s historical response to such volatility and its implications for future market behavior.