Algorand ALGO
Current Price
$0.1219 -0.34%
$0.0054 Daily Range (4.46%)
$0.1188$0.1242
$39.83M Daily Volume
449 BTC
Vol/MktCap: 3.69%
Market Performance
0.10% Relative BTC Volume
The total volume of Algorand is $39.83M over the past 24 hours, compared to $38.45B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1206 +1.05%
13 SMA $0.1213 +0.53%
21 SMA $0.1219 +0.04%
55 SMA $0.1186 +2.76%
144 SMA $0.1191 +2.40%
Price Performance
+2.03% 1 Hour Change
$0.1219 from $0.1195
+4.93% 7 Day Change
$0.0060 from $0.1159
-9.96% 14 Day Change
-$0.0121 from $0.1340
+0.67% 30 Day Change
$0.0008 from $0.1211
All Time High
June 20, 2019
$3.56 -96.58%
-$3.44 vs. now
24H Change
-4.55M USD -0.42%
-51 BTC
Volume and Supply
Total Supply: 8.86B ALGO 
8.86B 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
443.59 x BTC Supply444:1 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
327.80M ALGO
traded over past 24 hours
3.70% 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 $0.11982, reflecting a slight 24-hour increase of 1.16%. The price has oscillated between a daily high of $0.125449 and a low of $0.117974, showcasing a daily range of approximately 0.007475, indicative of low volatility in the current market environment.
Trading volume stands at 59,732,373, representing 5.62% of its market cap, suggesting moderate liquidity. The short-term moving averages (8 SMA at -2.01% and 13 SMA at -2.07%) are trending downwards, which may indicate bearish sentiment, while the 55 SMA shows a slight uptick of 1.18%, hinting at potential support around $0.1184.
The 1-hour Relative Strength Index (RSI) is at a low 26, signaling an oversold condition, while the 7-day RSI at 51 indicates a neutral trend. Recent price changes reveal a minor increase of 1.29% over the past week, but a more significant decline of 8.00% over the last 14 days suggests weakness in the medium-term momentum.
Comparatively, the 30-day price change of -1.20% reinforces the bearish sentiment as ALGO struggles to regain upward momentum. Notably, the all-time high remains significantly distant at $3.56, indicating substantial potential for recovery if market conditions improve.
Given the current technical indicators showing bearish trends in short-term moving averages and the oversold condition reflected by the 1-hour RSI, caution is warranted. However, the slight upward movement in the 55 SMA and the 7-day RSI suggest a potential for stabilization.
In conclusion, the recommendation for ALGO is to Hold, as the current market indicators do not present a clear bullish signal, and existing bearish momentum could lead to further downside risk in the short term. Investors should monitor price action closely for signs of a reversal before considering a Buy.
Trading volume stands at 59,732,373, representing 5.62% of its market cap, suggesting moderate liquidity. The short-term moving averages (8 SMA at -2.01% and 13 SMA at -2.07%) are trending downwards, which may indicate bearish sentiment, while the 55 SMA shows a slight uptick of 1.18%, hinting at potential support around $0.1184.
The 1-hour Relative Strength Index (RSI) is at a low 26, signaling an oversold condition, while the 7-day RSI at 51 indicates a neutral trend. Recent price changes reveal a minor increase of 1.29% over the past week, but a more significant decline of 8.00% over the last 14 days suggests weakness in the medium-term momentum.
Comparatively, the 30-day price change of -1.20% reinforces the bearish sentiment as ALGO struggles to regain upward momentum. Notably, the all-time high remains significantly distant at $3.56, indicating substantial potential for recovery if market conditions improve.
Given the current technical indicators showing bearish trends in short-term moving averages and the oversold condition reflected by the 1-hour RSI, caution is warranted. However, the slight upward movement in the 55 SMA and the 7-day RSI suggest a potential for stabilization.
In conclusion, the recommendation for ALGO is to Hold, as the current market indicators do not present a clear bullish signal, and existing bearish momentum could lead to further downside risk in the short term. Investors should monitor price action closely for signs of a reversal before considering a Buy.
Updated 507 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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