Algorand ALGO
Current Price
$0.0941 +3.73%
$0.0050 Daily Range (5.35%)
$0.0899$0.0949
$27.81M Daily Volume
404 BTC
Vol/MktCap: 3.33%
Market Performance
0.06% Relative BTC Volume
The total volume of Algorand is $27.81M over the past 24 hours, compared to $44.91B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.0925 +1.80%
13 SMA $0.0918 +2.52%
21 SMA $0.0915 +2.86%
55 SMA $0.0908 +3.67%
144 SMA $0.0934 +0.82%
Price Performance
-0.38% 1 Hour Change
$0.0941 from $0.0945
-5.19% 7 Day Change
-$0.0049 from $0.0990
-16.71% 14 Day Change
-$0.0157 from $0.1099
-31.30% 30 Day Change
-$0.0295 from $0.1236
All Time High
June 20, 2019
$3.56 -97.35%
-$3.47 vs. now
24H Change
29.47M USD +3.66%
428 BTC
Volume and Supply
Total Supply: 8.87B ALGO 
8.87B 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
443.86 x BTC Supply444:1 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
301.07M ALGO
traded over past 24 hours
3.39% 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 trading at $0.093225, reflecting a 1.44% increase over the past 24 hours. The price action has exhibited a narrow daily range of $0.003177, indicating low volatility as it fluctuated between a high of $0.092641 and a low of $0.089464.
The trading volume stands at approximately 29,044,995, which corresponds to 3.51% of the market cap, suggesting moderate interest in the asset. The short-term moving averages (8, 13, 21, and 55 SMA) are all trending upward, with the 55 SMA showing the strongest gain at +3.10%, which could signal a short-term bullish momentum.
The 1-hour RSI is elevated at 71, indicating that ALGO may be overbought in the short term. Conversely, the 7-day RSI sits at 46, suggesting that the asset is nearing neutral territory and is not yet in an oversold condition, which may provide room for a recovery.
On a longer time frame, the 7-day price change is down by approximately 2.93%, while the 14-day and 30-day price changes show more significant declines of 17.11% and 32.99%, respectively. This downward trend indicates potential bearish sentiment over a longer period, which may be influencing current trading decisions.
Despite the recent positive movement, ALGO remains significantly below its all-time high of $3.56, reached in June 2019, which could affect investor confidence. The current price levels suggest that any upward movement is constrained by historical resistance, making future gains uncertain without substantial market catalysts.
In conclusion, while there is a short-term bullish trend indicated by moving averages and a slight uptick in price, the longer-term indicators and price declines suggest caution. Therefore, the recommendation is to Hold ALGO at this price point until clearer bullish signals emerge, particularly a sustained increase in volume and a positive shift in longer-term RSI metrics.
The trading volume stands at approximately 29,044,995, which corresponds to 3.51% of the market cap, suggesting moderate interest in the asset. The short-term moving averages (8, 13, 21, and 55 SMA) are all trending upward, with the 55 SMA showing the strongest gain at +3.10%, which could signal a short-term bullish momentum.
The 1-hour RSI is elevated at 71, indicating that ALGO may be overbought in the short term. Conversely, the 7-day RSI sits at 46, suggesting that the asset is nearing neutral territory and is not yet in an oversold condition, which may provide room for a recovery.
On a longer time frame, the 7-day price change is down by approximately 2.93%, while the 14-day and 30-day price changes show more significant declines of 17.11% and 32.99%, respectively. This downward trend indicates potential bearish sentiment over a longer period, which may be influencing current trading decisions.
Despite the recent positive movement, ALGO remains significantly below its all-time high of $3.56, reached in June 2019, which could affect investor confidence. The current price levels suggest that any upward movement is constrained by historical resistance, making future gains uncertain without substantial market catalysts.
In conclusion, while there is a short-term bullish trend indicated by moving averages and a slight uptick in price, the longer-term indicators and price declines suggest caution. Therefore, the recommendation is to Hold ALGO at this price point until clearer bullish signals emerge, particularly a sustained increase in volume and a positive shift in longer-term RSI metrics.
Updated 282 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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