Algorand ALGO
Current Price
$0.1167 +8.92%
$0.0115 Daily Range (9.88%)
$0.1071$0.1186
$67.98M Daily Volume
864 BTC
Vol/MktCap: 6.53%
Market Performance
0.39% Relative BTC Volume
The total volume of Algorand is $67.98M over the past 24 hours, compared to $17.51B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1165 +0.14%
13 SMA $0.1149 +1.51%
21 SMA $0.1131 +3.16%
55 SMA $0.1099 +6.11%
144 SMA $0.1116 +4.57%
Price Performance
+0.56% 1 Hour Change
$0.1167 from $0.1160
-3.65% 7 Day Change
-$0.0043 from $0.1209
+11.05% 14 Day Change
$0.0129 from $0.1038
-3.24% 30 Day Change
-$0.0038 from $0.1204
All Time High
June 20, 2019
$3.56 -96.72%
-$3.44 vs. now
24H Change
85.45M USD +8.95%
1,086 BTC
Volume and Supply
Total Supply: 8.91B ALGO 
8.91B 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
444.86 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
602.38M ALGO
traded over past 24 hours
6.76% 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 $0.115353, reflecting an impressive 8.49% increase over the last 24 hours. The daily trading range has been relatively narrow, with a high of $0.115323 and a low of $0.105796, indicating a stable price movement despite the recent gains.
The trading volume stands at approximately 48.4 million, representing a volume-to-market cap ratio of 4.71%, which suggests moderate trading activity and liquidity. However, the 1-hour RSI is notably high at 85, indicating that ALGO is overbought in the short term, which could lead to a price correction if buying pressure subsides.
In contrast, the 7-day RSI is at 48, suggesting that the asset is neither overbought nor oversold over a longer timeframe. The recent 7-day price change has been negative at -0.98%, but the 14-day and 30-day changes of +8.96% and +0.78%, respectively, indicate a potential recovery trend.
Examining the moving averages, the 8 SMA shows a significant upward trend at +4.24%, while the 144 SMA, which smooths out longer-term price movements, is relatively flat at +3.22%. This divergence suggests short-term bullish momentum may not be supported by longer-term trends, raising a caution flag.
Overall, Algorand is experiencing a short-term bullish phase, but the elevated RSI and the negative 7-day price change highlight potential risk for immediate retracement. Given the current market dynamics, a cautious approach is advised.
Rating: **Hold**. The high short-term RSI indicates potential overextension, warranting a wait-and-see approach before entering new positions. A correction could provide a more favorable entry point for long-term investment.
The trading volume stands at approximately 48.4 million, representing a volume-to-market cap ratio of 4.71%, which suggests moderate trading activity and liquidity. However, the 1-hour RSI is notably high at 85, indicating that ALGO is overbought in the short term, which could lead to a price correction if buying pressure subsides.
In contrast, the 7-day RSI is at 48, suggesting that the asset is neither overbought nor oversold over a longer timeframe. The recent 7-day price change has been negative at -0.98%, but the 14-day and 30-day changes of +8.96% and +0.78%, respectively, indicate a potential recovery trend.
Examining the moving averages, the 8 SMA shows a significant upward trend at +4.24%, while the 144 SMA, which smooths out longer-term price movements, is relatively flat at +3.22%. This divergence suggests short-term bullish momentum may not be supported by longer-term trends, raising a caution flag.
Overall, Algorand is experiencing a short-term bullish phase, but the elevated RSI and the negative 7-day price change highlight potential risk for immediate retracement. Given the current market dynamics, a cautious approach is advised.
Rating: **Hold**. The high short-term RSI indicates potential overextension, warranting a wait-and-see approach before entering new positions. A correction could provide a more favorable entry point for long-term investment.
Updated 400 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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