TL;DR

• 90% of Algorand (ALGO) holders are at a loss, with the altcoin’s value dropping by 52% since March.
• 18.65 million addresses, representing 90.36% of holders, have registered unrealized losses, while only 9% have maintained positive investments.
• Whales have sold part of their holdings after a 19.1% price rally, leading to significant selling pressure and a 246% increase in large holders’ net flow.
  

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Algorand (ALGO) is going through a challenging period. Most of its investors are facing considerable losses. Recent data shows that 90% of holders are “in the red,” a situation reflected through the constant decline in the altcoin’s value since March 2024. At its annual peak on March 13, it reached $0.31, but since then its value has fallen by 52%, standing at $0.1581 at the time of writing this article.

A total of 18.65 million addresses, representing 90.36% of all holders, are registering unrealized losses. Investors acquired their tokens at an average price above $0.16. Only 9% of holders, approximately 1.83 million addresses, have managed to keep their investments positive.

Algorand May Continue to Fall or Recover

Given this situation, ALGO whales have taken advantage of the 19.1% price rally to sell part of their holdings. Their activity has led to a 246% increase in large holders’ net flow, an indicator that measures the net amount of tokens transferred from large holders’ wallets to exchanges. This situation has generated significant selling pressure, as investors seek to capitalize on maximum gains before the price drops again.

ALGO’s bearish trend could continue according to the Chaikin Money Flow (CMF) indicator. This indicator monitors how liquidity enters and exits an asset’s market. In this case, although its price has experienced a good recovery, the CMF has started to show a downward trend. Basically, it suggests that the price increase is not supported by strong buying volume, which could indicate an imminent drop.

If this trend continues, ALGO’s value is expected to drop to $0.14. However, if it manages to maintain its current upward trend, the token could recover to its June high of $0.16. Algorand is facing a critical moment, and investors are closely monitoring the movements, attentive to any changes