Algorand ALGO
Current Price
$0.0928 +3.91%
$0.0045 Daily Range (4.82%)
$0.0885$0.0930
$37.41M Daily Volume
551 BTC
Vol/MktCap: 4.54%
Market Performance
0.07% Relative BTC Volume
The total volume of Algorand is $37.41M over the past 24 hours, compared to $50.57B total Bitcoin volume.
Hourly Moving Average
Price Performance
+2.48% 1 Hour Change
$0.0928 from $0.0906
-5.61% 7 Day Change
-$0.0052 from $0.0981
-22.56% 14 Day Change
-$0.0210 from $0.1138
-30.00% 30 Day Change
-$0.0279 from $0.1207
All Time High
June 20, 2019
$3.56 -97.39%
-$3.47 vs. now
24H Change
31.09M USD +3.92%
458 BTC
Volume and Supply
Total Supply: 8.87B ALGO 
8.87B ALGO AvailableRelative Supply Ratio
443.81 x BTC SupplyRelative Trade Volume
412.32M ALGO
traded over past 24 hours
Conversion Tool
Algorand AI Market Analysis
Volume stands at approximately 37.72 million, equating to a volume-to-market cap ratio of 4.58%. This suggests a moderately active trading environment, although the volume is not exceptionally high compared to historical trends, which may limit the potential for strong price movements in the short term.
Technical indicators show mixed signals; the hourly moving averages indicate a bullish sentiment with the 8, 13, and 21 SMA all trending positively, while the 144 SMA is showing a slight decline. The 1-hour RSI is at 80, indicating overbought conditions, which could lead to a pullback, while the 7-day RSI at 49 suggests neutrality in the medium term.
From a longer-term perspective, ALGO has faced downward pressure with a 7-day price change of -7.64%, a 14-day decline of -22.93%, and a 30-day drop of -29.18%. This prolonged downtrend raises concerns about the sustainability of the recent bounce, despite the current short-term gains.
Given the current price action, the overbought hourly RSI, and the bearish longer-term trends, the recommendation is to Hold. This strategy allows for monitoring further developments, particularly if the price sustains above key resistance levels or if the RSI indicates a corrective phase.
Updated 13 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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