The recent decision by the Algorand Foundation to reduce its workforce by 25% has added a new layer of uncertainty to the outlook of the ALGO cryptocurrency. The layoffs were framed as a strategic step toward sustainability, but the timing has raised concerns among investors and traders. https://twitter.com/AlgoFoundation/status/2034298850878652616?s=20 Making the situation even more delicate, the price of ALGO has been hovering close to its recent lows. This combination of internal restructuring and weak market conditions creates a complex backdrop for the Algorand price forecast. Market structure remains fragile ALGO is currently trading in a tight range, with $0.088 acting as a critical support level.
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