For the second time since September 2025, the Algorand [ALGO] token price has surpassed its 20-week moving average. The first time was a week ago, and this week has started well.

ALGO crypto is up nearly 16% for the day, with a daily trading volume explosion of 204% and an Open Interest surge of 43%. Interest in altcoins over the month has been strong, with the altcoin market cap [including Ethereum] up 33% since the second week of August.

Though the spot CVD was rising to show steady spot demand, the funding rates had fallen into negative territory. This presented a short-term problem for ALGO crypto bulls.

The negative rates suggested the short trade was overcrowded, which pointed to short-term bearish…