Algorand ALGO
Current Price
$0.1129 -5.27%
$0.0098 Daily Range (8.72%)
$0.1094$0.1192
$55.11M Daily Volume
779 BTC
Vol/MktCap: 5.48%
Market Performance
0.17% Relative BTC Volume
The total volume of Algorand is $55.11M over the past 24 hours, compared to $33.07B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1108 +1.90%
13 SMA $0.1116 +1.21%
21 SMA $0.1134 -0.44%
55 SMA $0.1154 -2.15%
144 SMA $0.1185 -4.75%
Price Performance
+1.08% 1 Hour Change
$0.1129 from $0.1117
+8.47% 7 Day Change
$0.0096 from $0.1034
+33.42% 14 Day Change
$0.0377 from $0.0752
+29.72% 30 Day Change
$0.0336 from $0.0794
All Time High
June 20, 2019
$3.56 -96.83%
-$3.45 vs. now
24H Change
-54.47M USD -5.14%
-770 BTC
Volume and Supply
Total Supply: 8.90B ALGO 
8.90B 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
444.78 x BTC Supply445:1 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
482.26M ALGO
traded over past 24 hours
5.42% 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 $0.111554, experiencing a significant decline of 9.50% over the past 24 hours. The daily trading range has been relatively narrow, with a high of $0.123258 and a low of $0.109351, indicating a lack of volatility in the short term.
The volume of 58,805,583 indicates a market cap turnover rate of 5.93%, reflecting moderate trading activity. However, the consistent decline in hourly moving averages—specifically the 8 SMA at $0.1125 and the 144 SMA at $0.1189—suggests bearish sentiment in the short to medium term.
The 1-hour RSI is at 33, indicating that ALGO is nearing oversold territory, while the 7-day RSI at 47 shows it is neither overbought nor oversold in the medium term. Although there have been positive price changes of 11.43%, 29.70%, and 31.17% over the last 7, 14, and 30 days respectively, the current negative momentum and short-term technical indicators weigh heavily on the outlook.
Given the current market conditions, including the significant price drop, bearish moving averages, and low RSI levels, ALGO is facing strong selling pressure. The recent price action suggests a potential continuation of this downtrend unless there is a reversal in sentiment.
In conclusion, the recommendation for Algorand (ALGO) is to Sell. The technical indicators and price movements indicate a bearish trend, with insufficient support levels to suggest a near-term recovery.
The volume of 58,805,583 indicates a market cap turnover rate of 5.93%, reflecting moderate trading activity. However, the consistent decline in hourly moving averages—specifically the 8 SMA at $0.1125 and the 144 SMA at $0.1189—suggests bearish sentiment in the short to medium term.
The 1-hour RSI is at 33, indicating that ALGO is nearing oversold territory, while the 7-day RSI at 47 shows it is neither overbought nor oversold in the medium term. Although there have been positive price changes of 11.43%, 29.70%, and 31.17% over the last 7, 14, and 30 days respectively, the current negative momentum and short-term technical indicators weigh heavily on the outlook.
Given the current market conditions, including the significant price drop, bearish moving averages, and low RSI levels, ALGO is facing strong selling pressure. The recent price action suggests a potential continuation of this downtrend unless there is a reversal in sentiment.
In conclusion, the recommendation for Algorand (ALGO) is to Sell. The technical indicators and price movements indicate a bearish trend, with insufficient support levels to suggest a near-term recovery.
Updated 341 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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