Algorand ALGO
Current Price
$0.1064 -3.46%
$0.0038 Daily Range (3.58%)
$0.1064$0.1102
$28.30M Daily Volume
362 BTC
Vol/MktCap: 2.98%
Market Performance
0.08% Relative BTC Volume
The total volume of Algorand is $28.30M over the past 24 hours, compared to $37.26B total Bitcoin volume.
Hourly Moving Average
Price Performance
-2.03% 1 Hour Change
$0.1064 from $0.1086
-5.09% 7 Day Change
-$0.0054 from $0.1118
-4.58% 14 Day Change
-$0.0049 from $0.1112
+7.53% 30 Day Change
$0.0080 from $0.0984
All Time High
June 20, 2019
$3.56 -97.01%
-$3.45 vs. now
24H Change
-31.71M USD -3.23%
-405 BTC
Volume and Supply
Total Supply: 8.91B ALGO 
8.91B ALGO AvailableRelative Supply Ratio
444.84 x BTC SupplyRelative Trade Volume
261.38M ALGO
traded over past 24 hours
Conversion Tool
Algorand AI Market Analysis
The trading volume stands at approximately 27.53 million, translating to a volume/market cap ratio of 2.85%. This relatively low volume suggests a lack of strong buying or selling pressure, which may hinder any significant price movements in the near term.
Technical indicators show that the hourly moving averages are trending downwards, with the 8 SMA at $0.1087 and the 55 SMA at $0.1100, indicating bearish momentum. The 1-hour RSI is at 47 and the 7-day RSI is at 45, both suggesting that ALGO is nearing the oversold territory, although it has not yet reached it.
Looking at recent performance, the 7-day price change is down 1.44%, and the 14-day price change is down 2.35%. However, the 30-day price change has seen a positive shift of 5.95%, indicating a longer-term bullish trend that may provide support against further declines.
Given the technical indicators and current market sentiment, ALGO is in a precarious position. The downward movement in short-term moving averages combined with low trading volume indicates a lack of conviction among traders, which could lead to further declines.
In conclusion, the current analysis suggests a Hold rating for Algorand (ALGO). While the longer-term trend shows potential, short-term pressures and bearish momentum make it advisable to wait for clearer signs of reversal before initiating new positions.
Updated 237 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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