Algorand ALGO
Current Price
$0.1323 -1.05%
$0.0039 Daily Range (2.93%)
$0.1321$0.1360
$31.87M Daily Volume
354 BTC
Vol/MktCap: 2.73%
Market Performance
0.07% Relative BTC Volume
The total volume of Algorand is $31.87M over the past 24 hours, compared to $43.06B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1342 -1.36%
13 SMA $0.1344 -1.53%
21 SMA $0.1345 -1.63%
55 SMA $0.1341 -1.31%
144 SMA $0.1365 -3.03%
Price Performance
-0.91% 1 Hour Change
$0.1323 from $0.1336
+1.62% 7 Day Change
$0.0021 from $0.1302
-8.23% 14 Day Change
-$0.0109 from $0.1432
-24.67% 30 Day Change
-$0.0327 from $0.1650
All Time High
June 20, 2019
$3.56 -96.28%
-$3.43 vs. now
24H Change
-16.89M USD -1.43%
-188 BTC
Volume and Supply
Total Supply: 8.82B ALGO 
8.82B ALGO Available99.90% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.
Relative Supply Ratio
442.11 x BTC Supply442:1 supply ratio
RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.
Relative Trade Volume
237.69M ALGO
traded over past 24 hours
2.70% of circulating supply
A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.
Conversion Tool
Algorand AI Market Analysis
Algorand (ALGO) is currently trading at $0.134662, reflecting a 1.43% increase over the past 24 hours. The price has fluctuated between $0.131242 and $0.136507 within the same period, indicating a daily range of approximately 3.99%.
The trading volume stands at 37,532,749, representing a 3.17% ratio to the market cap, suggesting moderate liquidity. Short-term moving averages show a mixed trend, with the 8-hour SMA down 0.15%, while the 13-hour and 21-hour SMAs indicate slight positive momentum, up 0.26% and 0.30%, respectively.
The 1-hour RSI is at 73, indicating overbought conditions in the short term, which may suggest a price correction could be imminent. However, the 7-day RSI at 47 suggests that the asset is currently in neutral territory, with potential for further upward movement if buying momentum continues.
In the past week, ALGO has gained approximately 3.96%, but the 14-day and 30-day price changes reveal declines of 5.97% and 23.43%, respectively, indicating a longer-term bearish trend. The asset is far from its all-time high of $3.56, reached on June 20, 2019, highlighting significant downside from its peak.
Given the current technical indicators, the mixed short-term signals coupled with the longer-term downward trend suggests caution. The overbought RSI may lead to a pullback, especially considering the bearish momentum over the past 14 and 30 days.
In conclusion, the recommendation for Algorand (ALGO) is to Hold. While there is potential for short-term gains, the mixed signals from moving averages and RSI suggest that traders should be cautious and wait for clearer bullish indicators before committing to new positions.
The trading volume stands at 37,532,749, representing a 3.17% ratio to the market cap, suggesting moderate liquidity. Short-term moving averages show a mixed trend, with the 8-hour SMA down 0.15%, while the 13-hour and 21-hour SMAs indicate slight positive momentum, up 0.26% and 0.30%, respectively.
The 1-hour RSI is at 73, indicating overbought conditions in the short term, which may suggest a price correction could be imminent. However, the 7-day RSI at 47 suggests that the asset is currently in neutral territory, with potential for further upward movement if buying momentum continues.
In the past week, ALGO has gained approximately 3.96%, but the 14-day and 30-day price changes reveal declines of 5.97% and 23.43%, respectively, indicating a longer-term bearish trend. The asset is far from its all-time high of $3.56, reached on June 20, 2019, highlighting significant downside from its peak.
Given the current technical indicators, the mixed short-term signals coupled with the longer-term downward trend suggests caution. The overbought RSI may lead to a pullback, especially considering the bearish momentum over the past 14 and 30 days.
In conclusion, the recommendation for Algorand (ALGO) is to Hold. While there is potential for short-term gains, the mixed signals from moving averages and RSI suggest that traders should be cautious and wait for clearer bullish indicators before committing to new positions.
Updated 537 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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