Algorand ALGO
Current Price
$0.1656 +0.99%
$0.0110 Daily Range (6.64%)
$0.1580$0.1690
$80.77M Daily Volume
844 BTC
Vol/MktCap: 5.54%
Market Performance
0.07% Relative BTC Volume
The total volume of Algorand is $80.77M over the past 24 hours, compared to $117.10B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1623 +2.02%
13 SMA $0.1628 +1.72%
21 SMA $0.1638 +1.07%
55 SMA $0.1712 -3.25%
144 SMA $0.1769 -6.40%
Price Performance
+0.22% 1 Hour Change
$0.1656 from $0.1652
-10.30% 7 Day Change
-$0.0171 from $0.1826
-6.59% 14 Day Change
-$0.0109 from $0.1765
-16.56% 30 Day Change
-$0.0274 from $0.1930
All Time High
June 20, 2019
$3.56 -95.35%
-$3.39 vs. now
24H Change
15.12M USD +1.05%
158 BTC
Volume and Supply
Total Supply: 8.79B ALGO 
8.79B 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
440.83 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
494.00M ALGO
traded over past 24 hours
5.62% 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 $0.163736, reflecting a significant 7.72% decline over the past 24 hours. The price action remains confined within a daily range of $0.019429, hitting a high of $0.177436 and a low of $0.158007, indicating increased volatility.
The trading volume of 105,258,879 suggests a moderate level of market activity, with a volume-to-market cap ratio of 7.31%. The current hourly moving averages present a mixed outlook, with the 8 SMA showing a slight bullish trend at +0.41% while longer-term averages like the 144 SMA indicate a bearish trend at -7.78%, highlighting potential resistance levels.
Momentum indicators reflect a neutral to bearish sentiment; the 1-hour RSI is at 50, while the 7-day RSI is lower at 47, suggesting that the asset is nearing oversold conditions. Price changes over the past week, 14 days, and 30 days are all negative, with declines of 1.89%, 8.21%, and 17.65%, respectively, further reinforcing bearish sentiment.
Despite a notable all-time high of $3.56 reached in June 2019, the current price reflects a dramatic depreciation, indicating a lack of bullish momentum in the near term. Traders should consider the significant downward pressure and resistance levels indicated by moving averages, as well as the market's overall negative sentiment.
In conclusion, the technical indicators and recent price performance suggest that Algorand (ALGO) may continue to face downward pressure in the short term. Therefore, the recommendation is to Hold, as potential buyers might want to wait for signs of stabilization or bullish reversal before entering a position.
The trading volume of 105,258,879 suggests a moderate level of market activity, with a volume-to-market cap ratio of 7.31%. The current hourly moving averages present a mixed outlook, with the 8 SMA showing a slight bullish trend at +0.41% while longer-term averages like the 144 SMA indicate a bearish trend at -7.78%, highlighting potential resistance levels.
Momentum indicators reflect a neutral to bearish sentiment; the 1-hour RSI is at 50, while the 7-day RSI is lower at 47, suggesting that the asset is nearing oversold conditions. Price changes over the past week, 14 days, and 30 days are all negative, with declines of 1.89%, 8.21%, and 17.65%, respectively, further reinforcing bearish sentiment.
Despite a notable all-time high of $3.56 reached in June 2019, the current price reflects a dramatic depreciation, indicating a lack of bullish momentum in the near term. Traders should consider the significant downward pressure and resistance levels indicated by moving averages, as well as the market's overall negative sentiment.
In conclusion, the technical indicators and recent price performance suggest that Algorand (ALGO) may continue to face downward pressure in the short term. Therefore, the recommendation is to Hold, as potential buyers might want to wait for signs of stabilization or bullish reversal before entering a position.
Updated 270 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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