Algorand (ALGO) investors are currently facing challenges as 90% of them are experiencing losses on their investments. The altcoin's value has dropped by 52% since reaching a year-to-date high of $0.31 on March 13, now trading at $0.15. Over 90% of ALGO holders are in a loss position, with 18.65 million addresses holding unrealized losses. Despite a recent 15% price increase, large ALGO holders have been selling their holdings, leading to a bearish trend. The Chaikin Money Flow indicator suggests a potential price drop to $0.14 if the current trend continues. However, if the uptrend persists, ALGO could rally to $0.16. This analysis serves for informational purposes only and not as financial advice. Market conditions are volatile, so it's essential to conduct thorough research and seek professional guidance before making investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news