Algorand ALGO
Current Price
$0.1400 +6.26%
$0.0110 Daily Range (7.88%)
$0.1316$0.1427
$52.99M Daily Volume
571 BTC
Vol/MktCap: 4.29%
Market Performance
0.06% Relative BTC Volume
The total volume of Algorand is $52.99M over the past 24 hours, compared to $90.07B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1411 -0.79%
13 SMA $0.1405 -0.34%
21 SMA $0.1397 +0.21%
55 SMA $0.1338 +4.62%
144 SMA $0.1387 +0.92%
Price Performance
+0.48% 1 Hour Change
$0.1400 from $0.1393
-2.24% 7 Day Change
-$0.0031 from $0.1431
-10.40% 14 Day Change
-$0.0146 from $0.1546
-15.13% 30 Day Change
-$0.0212 from $0.1612
All Time High
June 20, 2019
$3.56 -96.07%
-$3.42 vs. now
24H Change
68.79M USD +5.90%
741 BTC
Volume and Supply
Total Supply: 8.81B ALGO 
8.81B ALGO Available100.00% 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
441.49 x BTC Supply441:1 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
386.38M ALGO
traded over past 24 hours
4.39% 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 priced at $0.142168, showing a notable 24-hour increase of 10.09%. The price has oscillated between a high of $0.142653 and a low of $0.128625, indicating a daily range of approximately 10.9%, which reflects heightened market activity.
The trading volume over the past 24 hours stands at 50,557,218, resulting in a volume to market cap ratio of 4.04%. This level of volume indicates moderate interest in ALGO, with bullish sentiment evident from the significant price uptick within a short timeframe.
Technical indicators show that the 1-hour RSI is at 86, indicating an overbought condition, which could signal a potential pullback in the near term. In contrast, the 7-day RSI at 48 suggests that the asset is neither overbought nor oversold on a longer timeframe, reflecting a more neutral sentiment.
Moving averages provide a mixed outlook; the shorter-term SMAs (8, 13, and 21) indicate upward momentum, while the 55 SMA shows less strength. The 144 SMA, which is slightly above the current price, suggests a potential resistance level at $0.1391, warranting close monitoring.
From a fundamental perspective, ALGO's price is significantly below its all-time high of $3.56 reached in June 2019, which points to considerable room for growth should market conditions improve. However, the 7-day and 14-day price changes of -1.50% and -8.77%, respectively, indicate a bearish trend over the longer term, suggesting that recent gains may not be sustainable.
Considering the current overbought condition indicated by the 1-hour RSI and the resistance levels presented by the moving averages, along with the longer-term bearish trends, a cautious approach is advised. Therefore, the rating for Algorand (ALGO) is a Hold, as it may be prudent to wait for a clearer bullish signal or a correction before making further investment decisions.
The trading volume over the past 24 hours stands at 50,557,218, resulting in a volume to market cap ratio of 4.04%. This level of volume indicates moderate interest in ALGO, with bullish sentiment evident from the significant price uptick within a short timeframe.
Technical indicators show that the 1-hour RSI is at 86, indicating an overbought condition, which could signal a potential pullback in the near term. In contrast, the 7-day RSI at 48 suggests that the asset is neither overbought nor oversold on a longer timeframe, reflecting a more neutral sentiment.
Moving averages provide a mixed outlook; the shorter-term SMAs (8, 13, and 21) indicate upward momentum, while the 55 SMA shows less strength. The 144 SMA, which is slightly above the current price, suggests a potential resistance level at $0.1391, warranting close monitoring.
From a fundamental perspective, ALGO's price is significantly below its all-time high of $3.56 reached in June 2019, which points to considerable room for growth should market conditions improve. However, the 7-day and 14-day price changes of -1.50% and -8.77%, respectively, indicate a bearish trend over the longer term, suggesting that recent gains may not be sustainable.
Considering the current overbought condition indicated by the 1-hour RSI and the resistance levels presented by the moving averages, along with the longer-term bearish trends, a cautious approach is advised. Therefore, the rating for Algorand (ALGO) is a Hold, as it may be prudent to wait for a clearer bullish signal or a correction before making further investment decisions.
Updated 396 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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