Algorand surged to a high of $0.14 driven by the X402 challenge and interest in its role in AI agent payments, before dropping 10% to $0.12 amid intense selling pressure. Spot trading volume fell 28% to $224 million while Open Interest on derivatives plunged 20% to $76 million, signaling a marked investor disengagement. Sell volume reached 423 million with a Spot Buy Sell Delta at -264 million, confirming sellers’ dominance on the market. The RSI made a bearish crossover at 64, indicating strengthened selling pressure; the next support lies at $0.11, while a daily close above $0.13 would be required to trigger a reversal.
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