Algorand (ALGO) Volume Surges 130%, but Data Points to Possible Correction

Algorand (ALGO) trading volume has spiked by 130% in the past 24 hours, pushing the token’s price to $0.40. This rebound has brought 38% of ALGO holders into unrealized profits. While this trend could increase the number of profitable holders, on-chain analysis indicates that ALGO’s price might encounter a setback. Interest in Algorand Rises, but Stakeholders Are Letting Go Algorand’s price... source: https://beincrypto.com/algo-data-points-to-correction/