2/23/2021 10:42:06 AM GMT The massacre in the crypto market is leaving no stone unturned as ALGO dives under $1. The critical 200 SMA has been lost, leaving open-air for further losses. Developers can access the Algorand network without running or maintaining a node. Recovery will begin if ALGO regains the ground above the 200 SMA on the 4-hour chart. The cryptocurrency market is in bloodshed on Tuesday during the European session. Algorand has not been spared from the battering, which has led to massive losses. ALGO recently hit an all-time high of $1.86, but the token has lost more than 50% to trade at $0.9, despite some Algorand network developments being announced. The least resistance path is downwards until meaningful support is established.