The cryptocurrency market has been underperforming over the past few days, with Bitcoin and leading altcoins recording losses during that period. Bitcoin continues to consolidate around the $77,000 region, while Ethereum and XRP are trading below key levels. However, ALGO, Algorand’s native coin, is outperforming the broader cryptocurrency market after bouncing back from a key support level. The momentum indicators are turning bullish, while the growing retail demand could push ALGO’s price higher in the near term. Retail demand could push ALGO’s price higher ALGO is up by 5% in the last 24 hours, making it one of the best performers among the top 100 cryptocurrencies by market cap. At press time, ALGO is trading at $0.1137.
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