Algorand ALGO
Current Price
$0.1399 +3.60%
$0.0096 Daily Range (6.88%)
$0.1320$0.1417
$39.28M Daily Volume
418 BTC
Vol/MktCap: 3.18%
Market Performance
0.07% Relative BTC Volume
The total volume of Algorand is $39.28M over the past 24 hours, compared to $52.43B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1344 +4.08%
13 SMA $0.1339 +4.54%
21 SMA $0.1337 +4.65%
55 SMA $0.1339 +4.48%
144 SMA $0.1357 +3.15%
Price Performance
-0.99% 1 Hour Change
$0.1399 from $0.1413
+0.74% 7 Day Change
$0.0010 from $0.1389
-2.41% 14 Day Change
-$0.0034 from $0.1433
-21.50% 30 Day Change
-$0.0301 from $0.1700
All Time High
June 20, 2019
$3.56 -96.07%
-$3.42 vs. now
24H Change
44.55M USD +3.74%
474 BTC
Volume and Supply
Total Supply: 8.82B ALGO 
8.82B 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
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
287.01M ALGO
traded over past 24 hours
3.25% 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 $0.138177, reflecting a 3.17% increase over the last 24 hours. The daily trading range has been narrow, with a high of $0.137265 and a low of $0.132041, indicating relatively stable price action within a limited bandwidth.
Volume for ALGO stands at 34,528,708, translating to a volume/market cap ratio of 2.83%. This suggests a moderate trading interest, but the low volume relative to market cap could point towards a lack of strong bullish momentum in the broader market context.
Analyzing moving averages reveals that shorter-term averages (8 SMA at $0.1327 and 13 SMA at $0.1328) are currently outperforming longer-term averages, reflecting a positive price trend over the last few days. However, the 1-hour RSI at 69 indicates that ALGO is approaching overbought territory, which could lead to a pullback if buying pressure diminishes.
In the longer term, the 7-day RSI at 49 shows that ALGO is neither overbought nor oversold, suggesting a possible consolidation phase. Additionally, the 7-day and 14-day price changes of -1.38% and -2.90% respectively indicate a slight bearish trend in the short term, while the 30-day price change of -22.43% highlights significant downward pressure over the past month.
The all-time high for ALGO remains at $3.56, reached in June 2019, underscoring a substantial depreciation from current levels. This significant gap indicates potential long-term recovery opportunities, though current price action does not support aggressive bullish stances.
Given the technical indicators and price action analysis, a cautious stance is warranted. The current price is showing short-term bullishness, but the overall trend has been bearish in the longer timeframe, with overbought signals present in the short term. Therefore, a Hold rating is recommended at this stage, allowing for potential upward movement while monitoring for signs of bearish reversal or confirmation of a sustained bullish trend.
Volume for ALGO stands at 34,528,708, translating to a volume/market cap ratio of 2.83%. This suggests a moderate trading interest, but the low volume relative to market cap could point towards a lack of strong bullish momentum in the broader market context.
Analyzing moving averages reveals that shorter-term averages (8 SMA at $0.1327 and 13 SMA at $0.1328) are currently outperforming longer-term averages, reflecting a positive price trend over the last few days. However, the 1-hour RSI at 69 indicates that ALGO is approaching overbought territory, which could lead to a pullback if buying pressure diminishes.
In the longer term, the 7-day RSI at 49 shows that ALGO is neither overbought nor oversold, suggesting a possible consolidation phase. Additionally, the 7-day and 14-day price changes of -1.38% and -2.90% respectively indicate a slight bearish trend in the short term, while the 30-day price change of -22.43% highlights significant downward pressure over the past month.
The all-time high for ALGO remains at $3.56, reached in June 2019, underscoring a substantial depreciation from current levels. This significant gap indicates potential long-term recovery opportunities, though current price action does not support aggressive bullish stances.
Given the technical indicators and price action analysis, a cautious stance is warranted. The current price is showing short-term bullishness, but the overall trend has been bearish in the longer timeframe, with overbought signals present in the short term. Therefore, a Hold rating is recommended at this stage, allowing for potential upward movement while monitoring for signs of bearish reversal or confirmation of a sustained bullish trend.
Updated 134 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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