Algorand ALGO
Current Price
$0.1440 +5.89%
$0.0106 Daily Range (7.35%)
$0.1353$0.1459
$43.06M Daily Volume
496 BTC
Vol/MktCap: 3.40%
Market Performance
0.07% Relative BTC Volume
The total volume of Algorand is $43.06M over the past 24 hours, compared to $60.60B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1396 +3.19%
13 SMA $0.1386 +3.92%
21 SMA $0.1376 +4.67%
55 SMA $0.1365 +5.49%
144 SMA $0.1459 -1.29%
Price Performance
+1.03% 1 Hour Change
$0.1440 from $0.1425
-8.35% 7 Day Change
-$0.0120 from $0.1560
-20.01% 14 Day Change
-$0.0288 from $0.1728
-22.30% 30 Day Change
-$0.0321 from $0.1761
All Time High
June 20, 2019
$3.56 -95.96%
-$3.42 vs. now
24H Change
70.65M USD +5.91%
814 BTC
Volume and Supply
Total Supply: 8.80B ALGO 
8.80B 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
440.87 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
306.28M ALGO
traded over past 24 hours
3.48% 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 priced at $0.143712, reflecting a 7.12% increase over the past 24 hours. The daily trading range has been between $0.133741 and $0.144638, indicating a modest volatility of approximately 10.9% over this period.
The trading volume stands at 48,749,784, equating to a 3.86% volume-to-market cap ratio, which suggests healthy trading activity relative to its market capitalization. However, the 7-day RSI at 47 indicates that ALGO is neither overbought nor oversold, suggesting a neutral sentiment in the short term, while the 1-hour RSI is significantly high at 82, pointing to potential short-term overextension.
The moving averages show that the 8 SMA, 13 SMA, 21 SMA, and 55 SMA are all trending upwards, signaling a bullish trend in the very short term. However, the 144 SMA is showing a decline of 1.49%, suggesting that the longer-term trend may be losing momentum, with the price still significantly below its all-time high of $3.56 reached in June 2019.
Fundamentally, ALGO's recent price changes over the past 7, 14, and 30 days are all negative, with declines of approximately 8.80%, 20.90%, and 21.31%, respectively. This consistent downtrend raises concerns about the sustainability of the current rally, particularly given the price's proximity to recent highs and the looming resistance levels indicated by the longer-term moving average.
In conclusion, while the recent price surge indicates a short-term bullish sentiment, the longer-term trends remain negative, and the overbought conditions in the hourly RSI could lead to a correction. Given the mixed signals and lack of fundamental support for sustained growth, a Hold rating is recommended at this stage, allowing investors to reassess the market dynamics before making further commitments.
The trading volume stands at 48,749,784, equating to a 3.86% volume-to-market cap ratio, which suggests healthy trading activity relative to its market capitalization. However, the 7-day RSI at 47 indicates that ALGO is neither overbought nor oversold, suggesting a neutral sentiment in the short term, while the 1-hour RSI is significantly high at 82, pointing to potential short-term overextension.
The moving averages show that the 8 SMA, 13 SMA, 21 SMA, and 55 SMA are all trending upwards, signaling a bullish trend in the very short term. However, the 144 SMA is showing a decline of 1.49%, suggesting that the longer-term trend may be losing momentum, with the price still significantly below its all-time high of $3.56 reached in June 2019.
Fundamentally, ALGO's recent price changes over the past 7, 14, and 30 days are all negative, with declines of approximately 8.80%, 20.90%, and 21.31%, respectively. This consistent downtrend raises concerns about the sustainability of the current rally, particularly given the price's proximity to recent highs and the looming resistance levels indicated by the longer-term moving average.
In conclusion, while the recent price surge indicates a short-term bullish sentiment, the longer-term trends remain negative, and the overbought conditions in the hourly RSI could lead to a correction. Given the mixed signals and lack of fundamental support for sustained growth, a Hold rating is recommended at this stage, allowing investors to reassess the market dynamics before making further commitments.
Updated 188 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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