Algorand’s Activity Surge: Whales Accumulating, Price Stuck Below Resistance

Algorand is witnessing a surge in network activity, with over 1.2 million active addresses joining the platform. This positive trend signals significant growth for the blockchain. However, despite this strong underlying momentum, ALGO’s price has remained stagnant below $0.19. This raises questions about the disconnect between bullish fundamentals and the lack of price movement. While whales are accumulating (over 68% increase in purchases over the past week), a classic crypto market scenario is playing out: the market moves into accumulation mode, but price action lags behind.