Algorand (ALGO) is currently trading at $0.110164, reflecting a 24-hour decline of 3.42%. The price has oscillated between a daily high of $0.114565 and a low of $0.109703, indicating a relatively narrow trading range of 0.004862%.

Trading volume stands at 29,994,511, accounting for 3.08% of the market cap. The short-term moving averages show a bearish trend, with the 8 SMA at $0.1108 down 0.57%, the 13 SMA at $0.1116 down 1.25%, and the 21 SMA at $0.1125 down 2.03%, suggesting that downward momentum is persistent.

The 1-hour RSI is significantly low at 23, indicating oversold conditions, while the 7-day RSI at 43 suggests a lack of upward momentum. Price changes over the last week, 14 days, and 30 days are all negative, with declines of 2.54%, 0.79%, and 15.36%, respectively, signaling a longer-term bearish sentiment.

The all-time high of $3.56, reached in June 2019, underscores the steep decline from current levels, emphasizing a significant loss in market value. Given the prevailing bearish indicators and low RSI values, there appears to be limited short-term upside potential for ALGO.

Considering the recent performance metrics and overall market sentiment, I rate Algorand (ALGO) as a Sell. The sustained downward price action and bearish technical indicators suggest that further declines could be imminent, making it prudent for investors to exit their positions.