Algorand ALGO
Current Price
$0.0856 -1.06%
$0.0024 Daily Range (2.85%)
$0.0850$0.0874
$32.40M Daily Volume
478 BTC
Vol/MktCap: 4.25%
Market Performance
0.06% Relative BTC Volume
The total volume of Algorand is $32.40M over the past 24 hours, compared to $54.70B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.0864 -0.93%
13 SMA $0.0861 -0.55%
21 SMA $0.0861 -0.64%
55 SMA $0.0867 -1.22%
144 SMA $0.0871 -1.78%
Price Performance
-0.68% 1 Hour Change
$0.0856 from $0.0862
+0.53% 7 Day Change
$0.0005 from $0.0851
-8.29% 14 Day Change
-$0.0071 from $0.0927
-15.26% 30 Day Change
-$0.0131 from $0.0986
All Time High
June 20, 2019
$3.56 -97.59%
-$3.47 vs. now
24H Change
-9.12M USD -1.18%
-135 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
444.38 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
375.87M ALGO
traded over past 24 hours
4.23% 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 $0.086259, reflecting a 24-hour decline of 3.21%. The daily trading range has been relatively tight, with a high of $0.089119 and a low of $0.084988, indicating slight bearish pressure in the short term.
The trading volume stands at approximately 34.38 million, representing a volume-to-market cap ratio of 4.48%. This suggests a moderate level of trading activity, although it may not be sufficient to reverse the current downward momentum indicated by the price action.
Technical indicators show mixed signals; the 1-hour RSI is neutral at 50, while the 7-day RSI is slightly bearish at 47. The moving averages indicate a bearish trend, particularly the longer-term 144 SMA at $0.0874, which has declined by 1.32%, signaling potential weakness.
In terms of price changes, ALGO has experienced a minor increase of 2.80% over the past week but shows significant declines of 7.49% over 14 days and 14.20% over 30 days. This longer-term negative trend suggests that market sentiment has weakened considerably.
Considering the current price relative to its all-time high of $3.56 reached in June 2019, there is substantial room for growth, but the immediate outlook remains cautious. Given the technical bearishness and recent price performance, the recommendation for ALGO is a Hold; investors should wait for clearer bullish signals before committing further capital.
The trading volume stands at approximately 34.38 million, representing a volume-to-market cap ratio of 4.48%. This suggests a moderate level of trading activity, although it may not be sufficient to reverse the current downward momentum indicated by the price action.
Technical indicators show mixed signals; the 1-hour RSI is neutral at 50, while the 7-day RSI is slightly bearish at 47. The moving averages indicate a bearish trend, particularly the longer-term 144 SMA at $0.0874, which has declined by 1.32%, signaling potential weakness.
In terms of price changes, ALGO has experienced a minor increase of 2.80% over the past week but shows significant declines of 7.49% over 14 days and 14.20% over 30 days. This longer-term negative trend suggests that market sentiment has weakened considerably.
Considering the current price relative to its all-time high of $3.56 reached in June 2019, there is substantial room for growth, but the immediate outlook remains cautious. Given the technical bearishness and recent price performance, the recommendation for ALGO is a Hold; investors should wait for clearer bullish signals before committing further capital.
Updated 400 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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