Algorand ALGO
Current Price
$0.1362 -1.77%
$0.0048 Daily Range (3.53%)
$0.1354$0.1402
$50.70M Daily Volume
525 BTC
Vol/MktCap: 4.20%
Market Performance
0.07% Relative BTC Volume
The total volume of Algorand is $50.70M over the past 24 hours, compared to $67.78B total Bitcoin volume.
Hourly Moving Average
Price Performance
-0.22% 1 Hour Change
$0.1362 from $0.1365
-0.08% 7 Day Change
-$0.0001 from $0.1363
+23.68% 14 Day Change
$0.0323 from $0.1040
+17.94% 30 Day Change
$0.0244 from $0.1118
All Time High
June 20, 2019
$3.56 -96.16%
-$3.42 vs. now
24H Change
-22.25M USD -1.81%
-230 BTC
Volume and Supply
Total Supply: 8.85B ALGO 
8.85B ALGO AvailableRelative Supply Ratio
443.12 x BTC SupplyRelative Trade Volume
367.82M ALGO
traded over past 24 hours
Conversion Tool
Algorand AI Market Analysis
The trading volume stands at approximately 48.98 million, with a volume-to-market cap ratio of 4.05%, suggesting a moderate level of trading activity relative to its market capitalization. The short-term moving averages indicate a bearish trend, with the 8 SMA at $0.1379 and the 13 SMA at $0.1384 both showing negative changes, while the longer-term 55 SMA and 144 SMA are slightly positive, suggesting potential support around the $0.1342 level.
The 1-hour Relative Strength Index (RSI) is at 35, indicating that ALGO is approaching oversold territory, while the 7-day RSI at 51 suggests that the asset is in a neutral range. Over the past week, ALGO has experienced a modest increase of 1.11%, and over the past 14 days, it has gained 22.95%, showcasing a stronger performance in the medium term despite current short-term weakness.
Given the context of a declining price with bearish moving averages and a low RSI, ALGO may continue to face downward pressure in the near term. However, the stronger performance over the last two weeks could indicate a potential reversal if buying interest increases.
In conclusion, the current market conditions and technical indicators suggest a cautious approach to Algorand. A Hold rating is recommended, as it may be prudent to wait for confirmation of a trend reversal or a more favorable entry point before making any buy decisions.
Updated 40 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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