A slow down? After three days of going up, Algorand is flat today, hovering around $0.22.

Without a clear-cut direction, Algorand is trading around $0.22 and ranging between $0.22 and $0.223.

Algorand is currently trading at $0.22 following the release of EIA Short-Term Energy Outlook data from the United States.

Algorand's state is reflected by market data as United States 3-Year Note Auction released today at 17:00 UTC with a figure of 3.81, while the previous figure was 4.635.

Algorand USD's upper Bollinger Band® is at $0.233, suggesting that a downward move may follow. On the other hand, note that Algorand is approaching key support, around 1 cents away from $0.214. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

Despite the market lacking direction, technical chart analysis strongly suggests Algorand is positioned for a downward move in the near term.

While Algorand is pretty flat so far today, mixed performances are seen elsewhere as having closed the previous session at $20.91, Solana is up 11% today to currently trade at around $23.21. Having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Binance Coin gained 2.36% and is currently trading at $326.04.

Moreover, United States Crude Oil Inventories is projected to outperform its last figure with -1.3 million, having previously been at -3.74 million. The figure will be published tomorrow at 14:30 UTC. United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Core Consumer Prices is expected tomorrow at 12:30 UTC.

Trending positively for about a month. Algorand is now trading 70.91% below the significant high of $0.759 it set around 11 months ago.