Algorand's November Report Shows 1.4% Wallet Growth Amid Missing December Insights

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jan 15 2026

ALGO-0.116%

STABLE-4.71%

Should l Buy ALGO?

Stable Wallet Growth: The November report from the Algorand Foundation indicates a 1.4% increase in wallet numbers, reaching 48.5 million, reflecting the ecosystem's stability and potentially boosting market confidence in ALGO.
Impact of Missing Reports: The absence of the December report leaves the community without new insights, prompting analysts to focus on November's key metrics, such as a 1.1% increase in ALGO staking, to gauge market trends and potential impacts.
Significant TVL Changes: Despite the lack of new data, the November report reveals a 17% drop in USD TVL, while ALGO-denominated TVL rose by 2.8%, indicating varying market perceptions and potential investment opportunities for Algorand.
Historical Precedent Lacking: Comparisons with historical data show that missing a monthly report is unprecedented for Algorand, underscoring its past commitment to consistent updates, which may affect future strategic planning.

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Technical Analysis for ALGO

Technical Sentiment Analysis for Algorand (ALGO). As of , Algorand (ALGO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ALGO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, ALGO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Algorand (ALGO) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0671	0.0744	0.0806	0.0879	0.0941	0.101	0.108
Fibonacci	0.0744	0.0796	0.0828	0.0879	0.0931	0.0963	0.101

About ALGO

Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020. Algorand transaction metrics can be viewed here. Algorand initial coin offering (ICO) was held in June 2019, with the Algorand price of $0.24 per token.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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