Algorand ALGO
Current Price
$0.1324 -2.58%
$0.0040 Daily Range (3.01%)
$0.1320$0.1360
$28.71M Daily Volume
318 BTC
Vol/MktCap: 2.45%
Market Performance
0.06% Relative BTC Volume
The total volume of Algorand is $28.71M over the past 24 hours, compared to $44.42B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1331 -0.46%
13 SMA $0.1335 -0.80%
21 SMA $0.1340 -1.19%
55 SMA $0.1339 -1.12%
144 SMA $0.1361 -2.71%
Price Performance
-0.30% 1 Hour Change
$0.1324 from $0.1328
+2.41% 7 Day Change
$0.0032 from $0.1293
-7.70% 14 Day Change
-$0.0102 from $0.1426
-24.08% 30 Day Change
-$0.0319 from $0.1643
All Time High
June 20, 2019
$3.56 -96.26%
-$3.43 vs. now
24H Change
-28.81M USD -2.40%
-319 BTC
Volume and Supply
Total Supply: 8.82B ALGO 
8.82B 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
442.11 x BTC Supply442:1 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
214.21M ALGO
traded over past 24 hours
2.43% 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 $0.132338, reflecting a 1.05% decline over the past 24 hours. The daily trading range has been relatively tight, with a high of $0.136025 and a low of $0.132142, indicating limited volatility in the short term.
Trading volume stands at approximately 31.87 million ALGO, contributing to a volume-to-market cap ratio of 2.73%. This suggests that market activity is moderate but not particularly robust, which may hinder significant price movement without a catalyst.
Moving averages indicate a bearish trend, with all short-term SMAs (8, 13, 21, and 55 periods) showing negative percentages, particularly the 144 SMA down 3.03%. The declining moving averages suggest that the momentum is shifting downward, supporting a cautious outlook for the near term.
The 1-hour RSI is at 28, indicating oversold conditions, while the 7-day RSI at 44 is approaching the neutral zone but still suggests a lack of bullish momentum. The 7-day price change shows a slight gain of 1.62%, but the 14-day and 30-day changes of -8.23% and -24.67% respectively highlight a significant downtrend over the longer term.
Given the current price dynamics, technical indicators, and fundamental performance, ALGO appears to be in a weak position. The overall bearish sentiment, combined with high historical volatility from its all-time high of $3.56, indicates that further downside risk remains.
Considering all factors, the rating for Algorand (ALGO) is a Sell. The persistent negative trend in moving averages, alongside declining momentum indicators and price performance over the last month, suggests that investors may want to exit positions until a clear bullish reversal is observed.
Trading volume stands at approximately 31.87 million ALGO, contributing to a volume-to-market cap ratio of 2.73%. This suggests that market activity is moderate but not particularly robust, which may hinder significant price movement without a catalyst.
Moving averages indicate a bearish trend, with all short-term SMAs (8, 13, 21, and 55 periods) showing negative percentages, particularly the 144 SMA down 3.03%. The declining moving averages suggest that the momentum is shifting downward, supporting a cautious outlook for the near term.
The 1-hour RSI is at 28, indicating oversold conditions, while the 7-day RSI at 44 is approaching the neutral zone but still suggests a lack of bullish momentum. The 7-day price change shows a slight gain of 1.62%, but the 14-day and 30-day changes of -8.23% and -24.67% respectively highlight a significant downtrend over the longer term.
Given the current price dynamics, technical indicators, and fundamental performance, ALGO appears to be in a weak position. The overall bearish sentiment, combined with high historical volatility from its all-time high of $3.56, indicates that further downside risk remains.
Considering all factors, the rating for Algorand (ALGO) is a Sell. The persistent negative trend in moving averages, alongside declining momentum indicators and price performance over the last month, suggests that investors may want to exit positions until a clear bullish reversal is observed.
Updated 433 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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