由於加密貨幣行業的活動繼續保持沉默，因此Algorand（Algo）的價格在本週的範圍內仍然很緊。

Algorand（ALGO）是一個Layer-1網絡，週四的交易價格為0.1865美元，略高於今年的最低水平。從2023年11月的高點開始，它跌幅近70％。

Algorand (ALGO) price remained in a tight range this week as activity in the cryptocurrency industry continued to stay muted.

由於加密貨幣行業的活動繼續保持沉默，因此本週的Algorand（Algo）價格保持在本週的範圍。

The layer-1 network was trading at $0.1865 on Thursday, slightly above its lowest level this year. It has plunged by nearly 70% from its November 2023 high.

Layer-1網絡週四的交易價格為0.1865美元，略高於今年的最低水平。從2023年11月的高點開始，它跌幅近70％。

Algorand is facing several challenges that could derail its recovery this cycle. For instance, its decentralized finance ecosystem is losing traction among investors.

Algorand面臨的幾個挑戰可能會使在本週期中恢復其恢復。例如，其分散的金融生態系統正在失去投資者的吸引力。

According to DeFi Llama, the total value locked in the network crashed to just $90 million, its lowest level since 2022. The figure dropped sharply from the year-to-date high of $183 million. Most dApps in Algorand, like Tinyman, xBacked, and AlgoRai Finance, have all shed millions in assets.

根據Defi Llama的說法，該網絡中鎖定的總價值僅為9000萬美元，這是自2022年以來的最低水平。該數字從畢業生高處的1.83億美元急劇下降。 Algorand的大多數Dapps，例如Tinyman，Xbacked和Algorai Finance，全部投入了數百萬美元的資產。

Similarly, stablecoin volume on Algorand also lost momentum. The network now hosts $135 million in stables, down from $138 million earlier this month. These figures remain relatively small, given that ALGO has a market cap of over $1.56 billion.

同樣，Algorand上的Stablecoin體積也失去了動力。該網絡現在擁有1.35億美元的馬s，低於本月初的1.38億美元。鑑於Algo的市值超過15.6億美元，這些數字仍然相對較小。

Meanwhile, there are signs that long-term Algorand stakers are exiting the network. Data from StakingRewards shows that net ALGO outflows over the last 30 days totaled 301 million tokens, or roughly $55 million. Algorand now has a staking market cap of $196 million, even though its reward rate of 7.58% remains higher than that of many competing tokens.

同時，有跡象表明長期的Algorand Stakers正在退出網絡。來自Stakingwards的數據表明，過去30天的淨算法流出總計3.01億個令牌，約為5500萬美元。阿爾戈蘭（Algorand）現在的積累市值為1.9億美元，儘管其7.58％的獎勵率仍然高於許多競爭令牌。

Algorand has also lost market share in the non-fungible tokens industry despite its partnership with FIFA. Total sales of NFTs in its network in the last 30 days slipped by 10% to $776,967.

儘管與FIFA合作，但阿爾戈蘭（Algorand）也失去了不可殺傷的代幣行業的市場份額。在過去30天內，NFT的總銷售額下滑了10％，至776,967美元。

Algorand price technical analysis

Algorand價格技術分析

The daily chart shows that ALGO has been in a prolonged bearish trend over the past few months, dropping from a high of $0.6130 in November to a low of $0.1463.

每日圖表顯示，在過去的幾個月中，Algo一直處於延長的看跌趨勢，從11月的0.6130美元下降到低於0.1463美元的低價。

The coin has formed a death cross indicator as the 50-day and 200-day Exponential Moving Averages crossed each other. It has also dropped below the 78.6% Fibonacci Retracement level.

由於50天和200天的指數移動平均，硬幣已經形成了死亡交叉指示器。它也下降到78.6％的斐波那契回回率水平以下。

Therefore, the path of least resistance for ALGO remains bearish, with an initial target at $0.1463, its lowest point this year. A move below that level would open the door to further downside, potentially toward $0.10.

因此，算法阻力最小的路徑仍然是看跌，最初的目標為0.1463美元，今年的最低點。低於該級別的移動將打開進一步的下跌之遙，可能朝著0.10美元的價格傾斜。