Algorand Price Falls 4% as Bears Push Back Against Bullish Setup

• The Algorand price dropped 4.01% and stayed in a clear short-term downtrend.
• Short rebounds failed, with lower highs and lower levels shaping the session.
• Bulls led the near-term pressure phase, while bears kept broader trend control.

For a month now, highs and lows have shaped the Algorand price movement. Despite leaning on the bullish side in that timeframe, the over 15% that has been attained seems to be losing to the 24-hour performance. This price trend has initiated talks on where the next price targets lie as bears and bulls battle for dominance. 

Algorand Price Trends Lower  as Short Rebounds Fail

During today’s Asian trading session, Algorand’s price opened at $0.1076. This opening price in ALGO did not show an uptrend or sideways movement to indicate stabilization. Instead, the Algorand price followed a clear dip. At the time of writing this piece, Algorand recorded a weak 24-hour performance, with the ALGO-3.01% falling to $0...