ALGO Gains 1.1% Despite a Turbulent Week, Supported by Forthcoming Major Economic Events

As of NOV 16 2025,

increased by 1.1% over the past day, reaching $0.165. However, it has dropped 6.97% in the last week, declined 6.76% over the past month, and fallen sharply by 50.55% in the previous year. This recent daily gain seems to indicate a brief uptick in short-term interest, but the overall trend still shows the asset facing persistent market challenges.

In the upcoming week, major macroeconomic events are likely to shape market sentiment. Key inflation reports from the U.S., U.K., and Eurozone—including the U.S. October CPI (YoY)—are set to be released, events that typically bring high volatility. Investors and traders will be watching these numbers closely, as they could offer clues about the direction of interest rates, especially with the Federal Reserve currently reluctant to lower rates. Additionally, the release of the FOMC meeting minutes during the same week is anticipated to provide further insight into the central bank’s future monetary policy.

Technical analysis reveals a mixed outlook for ALGO. While oscillators indicate the asset is oversold despite a recent bounce, it continues to trade below important moving averages, highlighting ongoing downward pressure. Experts suggest that the upcoming macroeconomic schedule could heighten short-term price swings and potentially spark a more sustained rally if the data points to easing inflation.

Backtest Hypothesis

The suggested backtesting approach for ALGO involves simulating trades based on historical announcements of U.S. CPI and FOMC meeting minutes. These macroeconomic releases are known to impact market sentiment and asset prices. To implement this strategy, precise historical dates for these events are necessary. Specifically, the test needs the exact dates for: 1) Monthly CPI reports from the Bureau of Labor Statistics, and 2) FOMC minutes releases, which usually happen about three weeks after each FOMC meeting.

At present, the required event data is not available from the current source. To move forward with the backtest, there are three possible solutions: A) Manually provide the exact event dates, B) Create an approximate calendar using historical patterns (such as CPI between the 10th and 15th each month and FOMC minutes three weeks after meetings), or C) Find another automated data source. Regardless of the method chosen, the backtest will review ALGO’s performance from 2022-01-01 to now, assessing how the asset responded to these significant macroeconomic events.