Algorand (ALGO) Skyrockets 11% to 4-Month High! Here's What's Next

  • TL;DR Algorand jumps 11% to reclaim a four-month peak, now trading at $0.2794 after touching $0.31. Despite the surge, many traders still bet short as derivatives activity spikes. The market cap stands at $2.41 billion with strong on-chain signals suggesting more volatility ahead.