![Algorand [ALGO] testing local lows: A breakdown on the way or a bear trap](https://insights.cryptobasemarket.com/wp-content/uploads/2022/05/jeremy-bezanger-9opihrpivr0-unsplash-scaled-e1653837685992-146523.jpg)
Almost three weeks have passed since ALGO set a new 2022 low at $0.34 on 12 May, courtesy of the crash after UST’s collapse. ALGO experienced a notable bounce-back since then, but it has since then given up those gains in favor of a support retest.
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