Algorand price analysis: Price slumps down to $1.73 as bearish trend continues

Price has dropped down to $1.73.
Algorand price analysis favors bears.
Support is still secure at $1.71.
The Algorand price analysis reveals the bears are leading the price chart for the day, and the cryptocurrency value has been drastically reduced. The bearish wave has been ongoing for the past two weeks, and the price has been constantly declining. The price has undergone devaluation in the last 24-hours as well because the bearish trend is getting stronger. The price is now at $1.73 and a further decrease can be expected if the bears continue to lead in the future.