Market Overview for Algorand/Tether (ALGOUSDT): December 31, 2025

Summary
• Price declined from 0.1168 to 0.1117 amid bearish momentum and below key moving averages.
• Volatility expanded as Bollinger Bands widened, with price hovering near lower band.
• RSI suggests oversold conditions near 0.112, though volume has not confirmed a reversal.
• Volume surged past 1.9M during the drop, with a bearish 5-minute engulfing pattern visible near 0.1133.
• Fibonacci retracements highlight 0.112 as a potential near-term support with 0.1125–0.113 as potential bounce zone.

Algorand/Tether (ALGOUSDT) opened at 0.1167 on December 30 at 12:00 ET, reaching a high of 0.1169 before closing at 0.1117 as of December 31, 12:00 ET. The 24-hour volume totaled 19,055,027 units, with notional turnover of 2,127,584.98 USD. Price action remained bearish throughout, with momentum indicators and key support levels defining the narrative.

Structure & Moving Averages

Price has spent much of the 24-hour period below the 20- and 50-period moving averages on the 5-minute chart, reinforcing a bearish bias. On the daily chart, the 50- and 200-period moving averages appear to be converging, which could indicate a potential turning point in the longer-term trend. A bearish engulfing pattern formed on the 5-minute chart near 0.1133, signaling short-term weakness. Notable support levels appear at 0.1120–0.1125, while resistance is likely to be found at 0.1135–0.1140.

Momentum & Volatility Indicators

The RSI has dipped below 30, suggesting oversold conditions near 0.112, but price has yet to reverse decisively. MACD remains bearish, with the histogram expanding downward as the bearish crossover from earlier in the period continues to hold. Bollinger Bands have expanded significantly, with the price hovering near the lower band during the final hours of the session, indicating heightened volatility and potential for a bounce.

Volume & Turnover

Volume spiked sharply during the downward leg from 0.1164 to 0.1125, reaching over 600,000 units during the 14:45–15:00 ET timeframe. This volume expansion confirms the bearish move. However, volume has not yet surged on the bounce to 0.113, suggesting a lack of conviction in the short-term reversal. Turnover mirrored volume, with the largest notional value traded during the steep drop from 0.1154 to 0.1144. Price and volume appear aligned on the bearish move but lack confirmation for a reversal at current levels.

Fibonacci Retracements

Applying Fibonacci retracements to the most recent 5-minute swing from 0.1154 to 0.1125, the 38.2% level is at 0.1141 and the 61.8% level is at 0.1132. These levels may act as potential bounce zones for the next 24 hours. On the daily chart, the 61.8% retracement of the broader move from higher levels sits near 0.112, aligning with the current price and suggesting it could act as a psychological support.

Algorand/Tether may test the 0.112–0.1125 support zone in the near term, with a potential bounce into 0.1135–0.1140 if buyers step in. Investors should watch for a reversal confirmation above the 0.113 level. In the absence of strong volume and momentum signals, a continuation lower into 0.1115–0.1110 remains a risk.