Algorand ALGO
Current Price
$0.1191 -2.60%
$0.0047 Daily Range (3.91%)
$0.1188$0.1234
$30.36M Daily Volume
342 BTC
Vol/MktCap: 2.88%
Market Performance
0.07% Relative BTC Volume
The total volume of Algorand is $30.36M over the past 24 hours, compared to $40.95B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1209 -1.45%
13 SMA $0.1213 -1.81%
21 SMA $0.1216 -2.01%
55 SMA $0.1227 -2.91%
144 SMA $0.1293 -7.87%
Price Performance
-1.00% 1 Hour Change
$0.1191 from $0.1203
-12.49% 7 Day Change
-$0.0149 from $0.1340
-15.06% 14 Day Change
-$0.0179 from $0.1371
-26.97% 30 Day Change
-$0.0321 from $0.1513
All Time High
June 20, 2019
$3.56 -96.65%
-$3.44 vs. now
24H Change
-24.41M USD -2.26%
-275 BTC
Volume and Supply
Total Supply: 8.83B ALGO 
8.83B 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
442.33 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
250.69M ALGO
traded over past 24 hours
2.84% 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 trading at $0.121299, reflecting a 24-hour change of -0.94471%. The daily trading range has been relatively tight, with a high of $0.123438 and a low of $0.119961, indicating a range of just $0.003477.
Volume over the past 24 hours stands at 33,985,314, contributing to a volume-to-market cap ratio of 3.17%. The hourly moving averages indicate slight bearish momentum, with the 8 SMA at $0.1219 showing a decline of 0.51%, and the longer-term 144 SMA at $0.1299 reflecting a more significant drop of 6.61%.
The Relative Strength Index (RSI) is currently at 50 on the hourly chart, indicating a neutral sentiment, while the 7-day RSI is at 42, suggesting it is nearing oversold conditions. The price has experienced a decline of approximately 9.19% over the past week and 12.97% over the past two weeks, with a more pronounced drop of 24.55% over the past month.
Historically, ALGO reached its all-time high of $3.56 in June 2019, which highlights the significant distance from current price levels. Given the recent downtrend and the overall bearish sentiment reflected in the RSI readings, the technical indicators suggest further downside potential.
Considering the current price action, volume levels, and momentum indicators, a Hold rating is recommended. This rating is based on the current neutral RSI and the potential for a reversal as it nears oversold territory, but with clear caution due to the recent negative price trend.
Volume over the past 24 hours stands at 33,985,314, contributing to a volume-to-market cap ratio of 3.17%. The hourly moving averages indicate slight bearish momentum, with the 8 SMA at $0.1219 showing a decline of 0.51%, and the longer-term 144 SMA at $0.1299 reflecting a more significant drop of 6.61%.
The Relative Strength Index (RSI) is currently at 50 on the hourly chart, indicating a neutral sentiment, while the 7-day RSI is at 42, suggesting it is nearing oversold conditions. The price has experienced a decline of approximately 9.19% over the past week and 12.97% over the past two weeks, with a more pronounced drop of 24.55% over the past month.
Historically, ALGO reached its all-time high of $3.56 in June 2019, which highlights the significant distance from current price levels. Given the recent downtrend and the overall bearish sentiment reflected in the RSI readings, the technical indicators suggest further downside potential.
Considering the current price action, volume levels, and momentum indicators, a Hold rating is recommended. This rating is based on the current neutral RSI and the potential for a reversal as it nears oversold territory, but with clear caution due to the recent negative price trend.
Updated 290 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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