Algorand ALGO
Current Price
$0.0941 -9.56%
$0.0099 Daily Range (10.54%)
$0.0949$0.1048
$65.21M Daily Volume
968 BTC
Vol/MktCap: 7.80%
Market Performance
0.06% Relative BTC Volume
The total volume of Algorand is $65.21M over the past 24 hours, compared to $106.11B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1001 -5.90%
13 SMA $0.1010 -6.79%
21 SMA $0.1018 -7.49%
55 SMA $0.1046 -9.97%
144 SMA $0.1051 -10.40%
Price Performance
-3.65% 1 Hour Change
$0.0941 from $0.0977
-19.81% 7 Day Change
-$0.0187 from $0.1128
-19.16% 14 Day Change
-$0.0180 from $0.1122
-34.55% 30 Day Change
-$0.0325 from $0.1267
All Time High
June 20, 2019
$3.56 -97.34%
-$3.47 vs. now
24H Change
-88.03M USD -9.53%
-1,306 BTC
Volume and Supply
Total Supply: 8.87B ALGO 
8.87B 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
443.82 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
653.22M ALGO
traded over past 24 hours
7.36% 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 $0.100487, reflecting a significant decline of 7.57% over the last 24 hours. The daily trading range has been tight, with a low of $0.100105 and a high of $0.108744, indicating market volatility remains low despite the price drop.
Volume has reached approximately 53.3 million, accounting for 5.98% of the market cap, suggesting moderate trading activity. The hourly moving averages indicate a bearish trend, with the 8 SMA at $0.1024 down 1.85%, and progressively larger SMAs reflecting increased losses, culminating in a 144 SMA at $0.1056 down 4.88%.
The 1-hour Relative Strength Index (RSI) is at 34, indicating potential oversold conditions, while the 7-day RSI of 45 suggests a lack of buying momentum. Over the past week, ALGO has dropped by 17% and has experienced a cumulative decline of nearly 30% over the last 30 days, reflecting a broader bearish trend.
Historically, ALGO reached its all-time high of $3.56 in June 2019, signifying the potential for recovery but also emphasizing the current price's significant gap from previous highs. Given the downward momentum and technical indicators signaling continued weakness, caution is warranted for potential investors.
Based on the analysis, the recommendation for ALGO is to Hold. While the oversold conditions may present a buying opportunity, the persistent downtrend and lack of strong bullish indicators suggest that waiting for clearer signs of recovery would be prudent.
Volume has reached approximately 53.3 million, accounting for 5.98% of the market cap, suggesting moderate trading activity. The hourly moving averages indicate a bearish trend, with the 8 SMA at $0.1024 down 1.85%, and progressively larger SMAs reflecting increased losses, culminating in a 144 SMA at $0.1056 down 4.88%.
The 1-hour Relative Strength Index (RSI) is at 34, indicating potential oversold conditions, while the 7-day RSI of 45 suggests a lack of buying momentum. Over the past week, ALGO has dropped by 17% and has experienced a cumulative decline of nearly 30% over the last 30 days, reflecting a broader bearish trend.
Historically, ALGO reached its all-time high of $3.56 in June 2019, signifying the potential for recovery but also emphasizing the current price's significant gap from previous highs. Given the downward momentum and technical indicators signaling continued weakness, caution is warranted for potential investors.
Based on the analysis, the recommendation for ALGO is to Hold. While the oversold conditions may present a buying opportunity, the persistent downtrend and lack of strong bullish indicators suggest that waiting for clearer signs of recovery would be prudent.
Updated 395 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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