Algorand ALGO
Current Price
$0.0941 -4.64%
$0.0059 Daily Range (6.31%)
$0.0931$0.0990
$29.63M Daily Volume
429 BTC
Vol/MktCap: 3.56%
Market Performance
0.06% Relative BTC Volume
The total volume of Algorand is $29.63M over the past 24 hours, compared to $47.56B total Bitcoin volume.
Hourly Moving Average
Price Performance
+0.28% 1 Hour Change
$0.0941 from $0.0938
-8.37% 7 Day Change
-$0.0079 from $0.1019
-22.24% 14 Day Change
-$0.0209 from $0.1150
-29.86% 30 Day Change
-$0.0281 from $0.1221
All Time High
June 20, 2019
$3.56 -97.37%
-$3.47 vs. now
24H Change
-41.19M USD -4.72%
-596 BTC
Volume and Supply
Total Supply: 8.87B ALGO 
8.87B ALGO AvailableRelative Supply Ratio
443.82 x BTC SupplyRelative Trade Volume
308.57M ALGO
traded over past 24 hours
Conversion Tool
Algorand AI Market Analysis
Volume stands at 30,547,934, with a volume-to-market cap ratio of 3.57%, suggesting modest trading interest relative to its market capitalization. The hourly moving averages reveal a bearish trend, with the 8 SMA at $0.0970 down 0.55%, and the 144 SMA at $0.0996 showing a decline of 3.15%.
Technical indicators reflect a neutral sentiment with the 1-hour RSI at 44 and the 7-day RSI at 46, both below the overbought threshold of 70. The 7-day price change indicates a decline of 5.25%, while the 14-day and 30-day price changes are significantly negative at -17.14% and -27.02%, respectively, reinforcing the downward momentum.
Despite the historical all-time high of $3.56 reached in June 2019, ALGO has struggled to maintain upward momentum, with current levels well below 3% of its peak value. This persistent downtrend and weak performance in the short and medium term suggest a lack of bullish momentum in the market.
Considering the current technical indicators, price movements, and overall market sentiment, a "Sell" rating is warranted for Algorand (ALGO). The continued decline in price along with bearish moving averages and a lack of positive momentum suggest that investors should exit their positions until a clearer bullish signal emerges.
Updated 522 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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