Algorand ALGO
Current Price
$0.0863 -4.30%
$0.0037 Daily Range (4.34%)
$0.0865$0.0902
$30.32M Daily Volume
461 BTC
Vol/MktCap: 3.94%
Market Performance
0.06% Relative BTC Volume
The total volume of Algorand is $30.32M over the past 24 hours, compared to $48.75B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.0891 -3.22%
13 SMA $0.0887 -2.78%
21 SMA $0.0886 -2.58%
55 SMA $0.0894 -3.45%
144 SMA $0.0873 -1.14%
Price Performance
-0.74% 1 Hour Change
$0.0863 from $0.0869
-3.62% 7 Day Change
-$0.0031 from $0.0894
-5.57% 14 Day Change
-$0.0048 from $0.0911
-28.89% 30 Day Change
-$0.0249 from $0.1112
All Time High
June 20, 2019
$3.56 -97.56%
-$3.47 vs. now
24H Change
-32.16M USD -4.02%
-489 BTC
Volume and Supply
Total Supply: 8.89B ALGO 
8.89B 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
444.37 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
343.12M ALGO
traded over past 24 hours
3.86% 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 $0.089888, showing a slight decrease of 0.28159% over the past 24 hours. The daily trading range has been relatively narrow, with a high of $0.090864 and a low of $0.087312, indicating limited volatility in the short term.
Trading volume stands at 31,727,755, which corresponds to a volume-to-market cap ratio of 3.98%. This suggests moderate market activity but does not indicate overwhelming buying or selling pressure, as volumes are insufficient to drive significant price movement.
The hourly moving averages indicate a bullish trend, with the 8-period SMA at $0.0885 showing an increase of 1.58%, while the 144-period SMA is at $0.0873 with a stronger increase of 2.94%. This short-term bullish momentum is further supported by a 1-hour RSI of 73, which suggests that ALGO may be overbought in the very short term.
In contrast, the 7-day RSI at 50 indicates a neutral market sentiment, while the 7-day price change shows a positive 0.44% movement. However, the 14-day and 30-day price changes of -0.81% and -25.78%, respectively, reflect a longer-term bearish trend that could weigh on investor sentiment.
Considering the technical indicators and recent price action, ALGO appears to be in a consolidation phase after experiencing a significant downtrend. While there are short-term bullish signals, the overall trend remains negative, and the proximity to the recent lows suggests caution.
Given the mixed signals and ongoing bearish pressures from longer-term trends, a Hold rating is recommended for Algorand (ALGO). This allows for monitoring of the market for potential bullish reversals without committing to additional positions at this time.
Trading volume stands at 31,727,755, which corresponds to a volume-to-market cap ratio of 3.98%. This suggests moderate market activity but does not indicate overwhelming buying or selling pressure, as volumes are insufficient to drive significant price movement.
The hourly moving averages indicate a bullish trend, with the 8-period SMA at $0.0885 showing an increase of 1.58%, while the 144-period SMA is at $0.0873 with a stronger increase of 2.94%. This short-term bullish momentum is further supported by a 1-hour RSI of 73, which suggests that ALGO may be overbought in the very short term.
In contrast, the 7-day RSI at 50 indicates a neutral market sentiment, while the 7-day price change shows a positive 0.44% movement. However, the 14-day and 30-day price changes of -0.81% and -25.78%, respectively, reflect a longer-term bearish trend that could weigh on investor sentiment.
Considering the technical indicators and recent price action, ALGO appears to be in a consolidation phase after experiencing a significant downtrend. While there are short-term bullish signals, the overall trend remains negative, and the proximity to the recent lows suggests caution.
Given the mixed signals and ongoing bearish pressures from longer-term trends, a Hold rating is recommended for Algorand (ALGO). This allows for monitoring of the market for potential bullish reversals without committing to additional positions at this time.
Updated 404 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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