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Algorand jumps 14% as x402 Challenge boosts AI payment use and eyes $0.1400 resistance.

Market News
29 Sep 2026
AMBCrypto
View Source
Bullish
Algorand jumps 14% as x402 Challenge boosts AI payment use and eyes $0.1400 resistance.

Algorand's price surged 14.36% to $0.1344 amid a 225% rise in trading volume, driven by interest in its x402 Challenge focused on AI-agent payments. The challenge promotes machine-to-machine transactions using pay-per-request models, attracting developer and trader attention. Market sentiment is bullish, with top traders favoring long positions, especially on Binance. Whale activity remains strong but has slightly cooled, suggesting cautious optimism. If Algorand can hold above the $0.1400 resistance, it may target $0.1785 next, while failure to do so could lead to a correction.

As of Sep 29, 2026 17:42 WIB, Algorand (ALGO) trades at Rp2.356 on Pluang, showing a 2.75% gain in the last day. The platform records a balanced order activity with 50% Sell and 50% Buy, and a typical holding period of 129 days. Algorand's market cap stands at Rp21.58 trillion, supported by a 24-hour trading volume of Rp5.38 trillion, highlighting steady investor interest despite the recent surge noted in the article.

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