Algorand (ALGO) is currently priced at $0.086271, reflecting a 24-hour change of -4.30%. The daily trading range has been quite narrow, with a high of $0.090232 and a low of $0.086492, indicating limited volatility in the short term.

Volume stands at 30,319,156 ALGO, accounting for 3.94% of the market cap, which suggests moderate trading activity. The hourly moving averages show a bearish trend, with all significant SMAs indicating declines, the most pronounced being the 55 SMA at $0.0894, down 3.45%.

The 1-hour RSI is at 34, signaling potential oversold conditions, while the 7-day RSI at 47 indicates a lack of momentum. Over the past week, ALGO has seen a price decline of approximately -3.62%, with more substantial losses of -5.57% over the last 14 days and a staggering -28.89% over the past 30 days.

With the all-time high at $3.56 recorded in June 2019, ALGO remains significantly undervalued at its current price level. The ongoing bearish sentiment, coupled with weak momentum indicators, suggests a cautious outlook for the near term.

Given the current technical indicators, including bearish moving averages and weak RSI levels, a Sell rating is warranted. This recommendation is based on the lack of short-term price recovery signs and the prevailing downtrend in recent price action.