Algorand (ALGO) 127 won… Binance futures open interest down 2.5% in a day
Original headline알고랜드(ALGO) 127원…바이낸스 선물 미결제약정 하루 2.5% 감소
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Algorand’s ALGO traded at $0.0935 (about 127 won) on the ALGO/USDT synthetic pair as of 8:24 p.m. KST on the 7th, below the 50-day EMA of $0.1055 cited in the 5th’s technical analysis. ChartExchange data showed an intraday UTC range of $0.0933–$0.0973, a window spanning 9 a.m. KST on the 7th to 8:59 a.m. KST on the 8th and therefore not a closing price. COINOTAG indicators at 3:25 p.m. KST on the 7th put nearby support at $0.0934 and resistance at $0.0979, with $0.1055 as a third level. Binance futures open interest for ALGO fell 2.5% over the day, signaling reduced leveraged positioning as price holds below the 50-day EMA. Watch whether ALGO defends the $0.0934 support or breaks toward $0.0979 resistance, and whether open interest keeps contracting.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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ALGO (ALGO), Algorand (ALGO), Binance, ChartExchange, COINOTAG
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