Algorand’s ALGO token was rejected at $0.14 after demand linked to the X402 challenge drove a brief rally. The token then fell to $0.12, down 10% on the day, as speculative interest faded and investors became more risk-averse. Spot trading volume declined 28% to $224, while open interest (the value of outstanding derivatives positions) fell 20% to $76 million and derivatives volume dropped 67% to $129 million. Coinalyze data showed sell volume rising to 423 million and the Spot Buy Sell Delta falling to -264 million, indicating that sell orders dominated. The Relative Strength Index (RSI), a momentum indicator, fell to 64 after a bearish crossover. If selling pressure persists, ALGO could lose $0.12 and fall to $0.11; a recovery would require a daily close above $0.13.