币界网报道：Background: Algorand (ALGO) has seen a 66% surge in trading volume over the past week, with volatility dropping to a new 30-day low of 65.57%, showing a rare combination of growing usage and shrinking volatility. Main Events: ALGO is testing the upper boundary of its multi-month descending channel, with whale wallets increasing their holdings by 5.12% over the past 30 days, while retail and medium investors have reduced their holdings. Address activity data shows a decline in the number of new and active users, reflecting the cautious attitude of retail participants. Technical indicators show key resistance at $0.2541, support at $0.1814 and $0.1511, and RSI at a neutral level of 50.06. Potential Impact: If ALGO can break through the $0.2541 resistance level, the market structure will turn bullish, which could trigger further gains in the short term. Binance's liquidation heat map shows $0.21 as a key resistance zone, a breakout of which could trigger short liquidations and push prices higher. The current market is in a state of balance, and investors are in a wait-and-see mood. The future trend depends on whether the price can effectively break through the resistance level. Special mention: The content of this article contains relevant information from Bijie.com.