Algorand (ALGO) is trading around $0.0835, marking a daily decline of 3.78% as of February 24, 2026. Its price sits below all major moving averages, with technical indicators showing weak momentum. A significant development is the protocol’s listing on the official x402 ecosystem on Coinbase, which expands its presence within the crypto payment sector.
The price of Algorand is positioned below key moving averages including the 20-day SMA at $0.0930 and the 200-day SMA at $0.1685. According to a TradingView chart, the asset is hugging the lower Bollinger Band, indicating strong selling momentum.
Immediate support is seen between $0.082 and $0.080, with a technical analysis suggesting a potential target of $0.073. To turn positive, the price would need to break above $0.0930, followed by resistance levels at $0.1023 and $0.1112.
Momentum indicators signal weak buying strength, with the RSI at 32.52 close to the oversold area. The MACD remains in negative territory, showing no sign of a bullish crossover to indicate a change in direction.
The integration of x402 on the Algorand blockchain via Coinbase marks a significant step for the network’s ecosystem. This development, facilitated through GoPlausible, highlights infrastructure growth in the blockchain payment sector.
Market analysts note that a definite break below $0.080 may trigger quicker selling action toward $0.073. Despite the ecosystem exposure on Coinbase x402, prevailing technical weakness suggests market sentiment remains cautious.
