由于加密货币行业的活动继续保持沉默，因此Algorand（Algo）的价格在本周的范围内仍然很紧。

Algorand（ALGO）是一个Layer-1网络，周四的交易价格为0.1865美元，略高于今年的最低水平。从2023年11月的高点开始，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.

由于加密货币行业的活动继续保持沉默，因此本周的Algorand（Algo）价格保持在本周的范围。

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网络周四的交易价格为0.1865美元，略高于今年的最低水平。从2023年11月的高点开始，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面临的几个挑战可能会使在本周期中恢复其恢复。例如，其分散的金融生态系统正在失去投资者的吸引力。

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.

根据Defi Llama的说法，该网络中锁定的总价值仅为9000万美元，这是自2022年以来的最低水平。该数字从毕业生高处的1.83亿美元急剧下降。 Algorand的大多数Dapps，例如Tinyman，Xbacked和Algorai Finance，全部投入了数百万美元的资产。

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.

同样，Algorand上的Stablecoin体积也失去了动力。该网络现在拥有1.35亿美元的马s，低于本月初的1.38亿美元。鉴于Algo的市值超过15.6亿美元，这些数字仍然相对较小。

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.

同时，有迹象表明长期的Algorand Stakers正在退出网络。来自Stakingwards的数据表明，过去30天的净算法流出总计3.01亿个令牌，约为5500万美元。阿尔戈兰（Algorand）现在的积累市值为1.9亿美元，尽管其7.58％的奖励率仍然高于许多竞争令牌。

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.

尽管与FIFA合作，但阿尔戈兰（Algorand）也失去了不可杀伤的代币行业的市场份额。在过去30天内，NFT的总销售额下滑了10％，至776,967美元。

Algorand price technical analysis

Algorand价格技术分析

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.

每日图表显示，在过去的几个月中，Algo一直处于延长的看跌趋势，从11月的0.6130美元下降到低于0.1463美元的低价。

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.

由于50天和200天的指数移动平均，硬币已经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，算法阻力最小的路径仍然是看跌，最初的目标为0.1463美元，今年的最低点。低于该级别的移动将打开进一步的下跌之遥，可能朝着0.10美元的价格倾斜。