Algorand ALGO
Current Price
$0.1607 -1.00%
$0.0063 Daily Range (3.91%)
$0.1560$0.1623
$71.21M Daily Volume
750 BTC
Vol/MktCap: 5.03%
Market Performance
0.09% Relative BTC Volume
The total volume of Algorand is $71.21M over the past 24 hours, compared to $78.61B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1604 +0.19%
13 SMA $0.1602 +0.30%
21 SMA $0.1592 +0.90%
55 SMA $0.1623 -0.99%
144 SMA $0.1684 -4.60%
Price Performance
-0.21% 1 Hour Change
$0.1607 from $0.1610
-14.83% 7 Day Change
-$0.0238 from $0.1845
-3.99% 14 Day Change
-$0.0064 from $0.1671
-10.81% 30 Day Change
-$0.0174 from $0.1780
All Time High
June 20, 2019
$3.56 -95.48%
-$3.40 vs. now
24H Change
-9.14M USD -0.64%
-96 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
440.86 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
447.45M ALGO
traded over past 24 hours
5.09% 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 $0.160859, experiencing a 24-hour change of -1.18%. The daily price range reflects a high of $0.163268 and a low of $0.156003, indicating a relatively narrow trading band of 0.007265%, which suggests limited volatility in the short term.
The trading volume stands at approximately 72.49 million ALGO, equating to a volume-to-market cap ratio of 5.12%. This indicates moderate trading activity, which may influence price movements but does not suggest overwhelming market enthusiasm at current levels.
Technical indicators show mixed signals, with the hourly Simple Moving Averages (SMA) indicating slight bullish momentum in the short term, particularly the 8 SMA at $0.1604 (+0.31%) and 13 SMA at $0.1602 (+0.43%). However, the longer-term averages, such as the 144 SMA at $0.1684 (-4.48%), indicate a bearish trend, suggesting a potential resistance zone.
The Relative Strength Index (RSI) indicates that the short-term momentum is relatively strong at 64, while the 7-day RSI at 44 suggests that ALGO may be approaching oversold territory after a 14.11% decline over the past week. This divergence between short-term strength and longer-term weakness may lead to a consolidation phase, reflecting investor caution.
Given the substantial decline over the past 30 days (-10.70%) and the proximity to key support levels near the 144 SMA, the market sentiment appears bearish overall. The current price is significantly below the all-time high of $3.56, indicating that substantial upside potential exists if a reversal occurs, but the current trend does not support immediate bullish action.
In conclusion, the overall analysis suggests a Hold rating for Algorand (ALGO). While short-term indicators show some signs of strength, the longer-term trends and recent price declines indicate a cautious approach is warranted until a clearer bullish signal emerges.
The trading volume stands at approximately 72.49 million ALGO, equating to a volume-to-market cap ratio of 5.12%. This indicates moderate trading activity, which may influence price movements but does not suggest overwhelming market enthusiasm at current levels.
Technical indicators show mixed signals, with the hourly Simple Moving Averages (SMA) indicating slight bullish momentum in the short term, particularly the 8 SMA at $0.1604 (+0.31%) and 13 SMA at $0.1602 (+0.43%). However, the longer-term averages, such as the 144 SMA at $0.1684 (-4.48%), indicate a bearish trend, suggesting a potential resistance zone.
The Relative Strength Index (RSI) indicates that the short-term momentum is relatively strong at 64, while the 7-day RSI at 44 suggests that ALGO may be approaching oversold territory after a 14.11% decline over the past week. This divergence between short-term strength and longer-term weakness may lead to a consolidation phase, reflecting investor caution.
Given the substantial decline over the past 30 days (-10.70%) and the proximity to key support levels near the 144 SMA, the market sentiment appears bearish overall. The current price is significantly below the all-time high of $3.56, indicating that substantial upside potential exists if a reversal occurs, but the current trend does not support immediate bullish action.
In conclusion, the overall analysis suggests a Hold rating for Algorand (ALGO). While short-term indicators show some signs of strength, the longer-term trends and recent price declines indicate a cautious approach is warranted until a clearer bullish signal emerges.
Updated 68 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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