Algorand (ALGO) is currently trading at $0.133819, showing a slight decline of 1.29% over the last 24 hours. The price has fluctuated between $0.132848 and $0.138366 during this period, indicating a daily range of approximately 0.0055 or 4.07%, which reflects low volatility in the current market environment.

The trading volume for ALGO stands at 48,151,247, representing about 4.09% of its market cap. The short-term moving averages indicate a bearish trend, with the 8 SMA at $0.1342 down by 0.29% and the 55 SMA significantly lower at $0.1398, down 4.31%.

The Relative Strength Index (RSI) metrics reveal oversold conditions, with a 1-hour RSI at 41 and a 7-day RSI at 42. These values suggest that there is limited upward momentum, as both short and medium-term indicators point toward potential downward pressure.

Over the past week, ALGO has experienced a price drop of nearly 17.83%, while the 14-day and 30-day changes are even more pronounced at -24.57% and -26.67%, respectively. This consistent decline suggests a bearish sentiment among investors, and there has been no significant recovery since the all-time high of $3.56 reached in June 2019.

Given the technical indicators and the recent price actions, the outlook for Algorand remains negative. The combination of declining moving averages, low RSI levels, and substantial price decreases over the past month leads to a Sell rating for ALGO, as further downside risk appears likely in the current market scenario.