Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion ALGO witnessed heightened selling pressure in the past few days. Funding rates fluctuated, and development activity improved after a sharp decline. Algorand [ALGO] dropped from $0.30 to $0.18 region, plunging 40% since early February.
![Algorand’s [ALGO] downtrend slows down- Is a trend change likely?](https://images.cryptocompare.com/news/default/ambcrypto.png "Algorand’s [ALGO] downtrend slows down- Is a trend change likely?")
