According to Cas Abbé, Uphold will now allow ALGO staking for its reported 10M users across 140+ countries, a move he suggests could channel demand into staking yields and reduce tradable float in ALGO spot markets (source: Cas Abbé on X, Sep 5, 2025). According to Cas Abbé, more than 2B ALGO are already staked and he states ALGO has a fixed total supply of about 8.7B, leading him to describe ALGO as already deflationary (source: Cas Abbé on X, Sep 5, 2025). According to Cas Abbé, additional staking participation from Uphold’s user base could tighten liquid supply and create a supply crunch, which traders should factor into order book liquidity, slippage, and potential momentum in ALGO trading pairs (source: Cas Abbé on X, Sep 5, 2025).

According to @CryptoMichNL, ALGO trading beneath its 20-week EMA presents an accumulation opportunity. Source: @CryptoMichNL on X, Aug 29, 2025, https://twitter.com/CryptoMichNL/status/1961466375836192863 He expects a run toward $1 in the upcoming period based on this setup. Source: @CryptoMichNL on X, Aug 29, 2025, https://twitter.com/CryptoMichNL/status/1961466375836192863 The key indicator referenced is the 20-week exponential moving average on ALGO’s weekly chart. Source: @CryptoMichNL on X, Aug 29, 2025, https://twitter.com/CryptoMichNL/status/1961466375836192863 Trading takeaway per the source: monitor ALGO’s position relative to the 20-week EMA as the trigger for positioning. Source: @CryptoMichNL on X, Aug 29, 2025, https://twitter.com/CryptoMichNL/status/1961466375836192863

According to Cas Abbé, a discussion on altcoins that investors are reluctant to sell includes $XRP, $ALGO, $HBAR, $LINK, $ONDO, and $VET. This sentiment suggests a strong belief in the long-term value and potential of these cryptocurrencies among certain investors.

According to Cas Abbé, $ALGO has retested its daily support zone, and the Relative Strength Index (RSI) is deeply oversold, which historically suggests a potential reversal. With the staking process now live, the scarcity of $ALGO is expected to increase, potentially leading to a supply crunch. Traders are advised to monitor these developments closely.