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Algorand (ALGO) drops 6.32%, testing support near $0.105 with potential bounce targets up to $0.615.

Technical Signals
17 Oct 2026
Tokenpost
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Bearish
Algorand (ALGO) drops 6.32%, testing support near $0.105 with potential bounce targets up to $0.615.

Algorand's native token ALGO traded at $0.11146, down 6.32%, positioning it between a possible support level at $0.105 and a breakout range above $0.13. Technical analysis suggests if ALGO bounces from support, it could reach targets at $0.145, $0.240, $0.335, and $0.615. Alternatively, a confirmed move above $0.13 to $0.132 could open resistance levels at $0.146 and near $0.19. These levels are conditional and not guaranteed, indicating key points to watch for potential recovery or further decline.

As of Oct 17, 2026 21:31 WIB, Algorand (ALGO) trades on Pluang at Rp2.000, down 7.62% over the past day. The platform shows a market cap of Rp18,19 trillion and a 24-hour trading volume of Rp1,29 trillion. Notably, 87% of Pluang users are buying ALGO, with a typical hold time of 130 days, highlighting sustained interest despite recent price declines.

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