Algorand price dips after hitting strong resistance at $0.11, eyeing support near $0.094 amid seller pressure.

Algorand (ALGO) faced strong selling pressure after reaching a supply zone near $0.11, causing a short-term price decline. Despite this pullback, the overall long-term trend remains bullish, suggesting the drop is a correction rather than a collapse. Increased retail trading activity and seller dominance in the Futures market indicate the price could fall further toward the $0.094 support zone, which is seen as a key level for potential buying interest. The market will likely stabilize around this zone before deciding the next direction for ALGO's price movement.