Algorand ALGO
Current Price
$0.0909 +6.89%
$0.0104 Daily Range (11.49%)
$0.0843$0.0947
$37.83M Daily Volume
550 BTC
Vol/MktCap: 4.71%
Market Performance
0.07% Relative BTC Volume
The total volume of Algorand is $37.83M over the past 24 hours, compared to $52.43B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.0930 -2.31%
13 SMA $0.0914 -0.60%
21 SMA $0.0891 +2.01%
55 SMA $0.0858 +5.85%
144 SMA $0.0875 +3.88%
Price Performance
-0.01% 1 Hour Change
$0.0909 from $0.0909
-0.58% 7 Day Change
-$0.0005 from $0.0914
+0.31% 14 Day Change
$0.0003 from $0.0906
-25.46% 30 Day Change
-$0.0231 from $0.1140
All Time High
June 20, 2019
$3.56 -97.45%
-$3.47 vs. now
24H Change
51.15M USD +6.80%
744 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
422.73M ALGO
traded over past 24 hours
4.76% 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 $0.090857, reflecting a notable 6.89% increase over the past 24 hours. The daily trading range has been between $0.084277 and $0.094714, indicating volatility but within a manageable scope given the price movement.
The trading volume stands at approximately 37.83 million, representing 4.71% of the market cap, suggesting a moderate level of investor interest. The recent performance in moving averages reveals a short-term bearish sentiment with the 8 SMA at $0.0930 down 2.31%, while the 21 SMA at $0.0891 shows a slight bullish trend with a 2.01% increase.
The 1-hour Relative Strength Index (RSI) is currently at 69, suggesting that ALGO is nearing overbought territory. In contrast, the 7-day RSI at 51 indicates a more neutral position, providing potential for further price movement in either direction.
From a fundamental perspective, ALGO has experienced a 30-day price decline of approximately 25.46%, indicating a bearish trend over the longer term. However, the 14-day price change shows a recovery of around 30.95%, which may suggest some stabilization and potential upward momentum.
Given the current price action, the recent increase in trading volume, and the mixed signals from moving averages and RSI indicators, the outlook for ALGO appears cautiously optimistic in the short term. However, the significant drop over the last month cannot be overlooked and creates uncertainty.
In conclusion, the recommendation for Algorand (ALGO) is a Hold. While the recent price increase and volume suggest potential for further gains, the longer-term bearish trend and proximity to overbought conditions warrant a careful approach before considering new positions.
The trading volume stands at approximately 37.83 million, representing 4.71% of the market cap, suggesting a moderate level of investor interest. The recent performance in moving averages reveals a short-term bearish sentiment with the 8 SMA at $0.0930 down 2.31%, while the 21 SMA at $0.0891 shows a slight bullish trend with a 2.01% increase.
The 1-hour Relative Strength Index (RSI) is currently at 69, suggesting that ALGO is nearing overbought territory. In contrast, the 7-day RSI at 51 indicates a more neutral position, providing potential for further price movement in either direction.
From a fundamental perspective, ALGO has experienced a 30-day price decline of approximately 25.46%, indicating a bearish trend over the longer term. However, the 14-day price change shows a recovery of around 30.95%, which may suggest some stabilization and potential upward momentum.
Given the current price action, the recent increase in trading volume, and the mixed signals from moving averages and RSI indicators, the outlook for ALGO appears cautiously optimistic in the short term. However, the significant drop over the last month cannot be overlooked and creates uncertainty.
In conclusion, the recommendation for Algorand (ALGO) is a Hold. While the recent price increase and volume suggest potential for further gains, the longer-term bearish trend and proximity to overbought conditions warrant a careful approach before considering new positions.
Updated 1 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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