Algorand Tops Daily R1 Intraday, but Confirmation Still Pending
Algorand traded at $0.1255 on Binance on October 8, 2026, above daily R1 at $0.1237, though the last completed daily close was $0.1188. Daily EMAs were in bullish order, but the daily MACD histogram had turned negative and the 15-minute RSI was 77.0, signaling overbought conditions, while hourly moving averages remained bearish. A daily close above $0.1237 would confirm the bullish setup, whereas an hourly close below $0.1245 could open a bearish path; chain-wide DEX volume was $346,133.
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