Algorand (ALGO) is currently trading at $0.135923, reflecting a modest 24-hour change of 1.42%. The asset has seen a daily range between $0.13041 and $0.136507, indicating a relatively stable price movement in the short term.

Trading volume stands at approximately 29.86 million ALGO, representing 2.49% of the market capitalization, which suggests moderate interest in the asset. The hourly moving averages show bullish trends for the short-term, with the 8 SMA at $0.1326 and the 13 SMA at $0.1333, both exhibiting positive momentum.

The Relative Strength Index (RSI) indicates a neutral position with a 1-hour RSI at 55 and a 7-day RSI at 53. Despite a slight uptick in the last 24 hours, the 7-day price change is down by 3.20%, and the 14-day change shows a decline of 5.96%, indicating bearish sentiment in the medium term.

Over the last 30 days, ALGO has experienced a significant price drop of 25.55%, further highlighting the ongoing bearish trend. The all-time high remains at $3.56, recorded in June 2019, suggesting substantial downside potential if the current trends persist.

Considering the current price action, the bullish short-term moving averages contrast with the bearish medium to long-term indicators. Therefore, the recommendation is to Hold, as the price appears to stabilize near current levels, while a clearer trend may emerge with further data analysis.