Algorand Price Pulls Back After Short-Lived Rally

Algorand (ALGO) saw its price drop to $0.12 after failing to sustain a rally to $0.14, which was driven by speculative interest surrounding the X402 challenge and AI agent payments. Spot trading volume fell 28% to $224 million, while derivatives Open Interest dropped 20% to $76 million. Technical indicators, including the RSI, suggest increasing bearish pressure as market activity declines.