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ALGO token drops 2.94% amid rising futures interest and mixed technical signals

Technical Signals
10 Oct 2026
Tokenpost
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Bearish
ALGO token drops 2.94% amid rising futures interest and mixed technical signals

ALGO token fell 2.94% to around $0.12 on Binance as futures open interest increased by 4.55%, suggesting more short positions amid a price decline. Technical indicators showed mixed signals with neutral momentum but an oversold condition indicated by the Stochastic oscillator. Selling volume exceeded buying, and global positioning was slightly more short than long. Support levels are at $0.11 and $0.10, with resistance at $0.12 and $0.13, indicating potential for a move if $0.11 holds, but no clear direction is confirmed yet.

Algorand's ALGO token is down 2.01% on Pluang, trading at Rp2.051 as of Oct 10, 2026 18:21 WIB. Selling dominates with 72% of order activity, and typical holders keep their positions for about 129 days.

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