Algorand's token ALGO has surged over 13% in the past 24 hours, making it one of the strongest performing mainstream altcoins of the day. The price has returned to near a resistance zone that has repeatedly suppressed rebounds since March, and trading volume has also increased significantly, indicating a return of short-term buying interest.

Trading volume rose to approximately $92 million.

The article shows that ALGO's trading volume once rose to approximately $92 million that day, an increase of nearly 137%. This surge was not entirely isolated; smart contract or payment-related tokens such as Stellar, Injective, and Hedera also strengthened simultaneously, but ALGO's gains still exceeded those of the relatively flat crypto market as a whole.

AI tools drive ecosystem expectations

Market observers believe this round of funding is more about chasing a specific ecosystem narrative than simply following Bitcoin's fluctuations. In addition to the price rebound, recent discussions surrounding Algorand's quantum-resistant security have also intensified, drawing renewed attention from some traders.

Another factor mentioned by the market is the Algorand Foundation's recent strengthening of its AI-related initiatives. The foundation previously cited Goldman Sachs' prediction that AI agent activity could increase significantly by 2030, and the usage of related tokens would also rise markedly.

To support this direction, the foundation is releasing AlgoKit 4.0. This version adds AI-assisted development tools and provides native development kits for languages such as Rust, Swift, and Kotlin. Supporters believe that such upgrades will help Algorand gain a foothold in AI-to-AI transaction settlement scenarios due to lower fees, faster settlement speeds, and continuous network operation.

The market is focused on the $0.1115 support level.

In the short term, the market is focusing on the one-day moving average around $0.118. The article states that this area has become a new support level after being broken.

If buying continues to hold this range, the next major resistance level is around $0.125, and a further break above that level could see the price rise to around $0.157. If momentum weakens and the $0.1115 support level is breached, ALGO could fall back to around $0.103.

• 24-hour increase: 13.29%
• Trading volume: Approximately US$92 million
• Key support: $0.1115