Algorand ALGO
Current Price
$0.1081 -3.82%
$0.0061 Daily Range (5.60%)
$0.1079$0.1139
$42.37M Daily Volume
511 BTC
Vol/MktCap: 4.42%
Market Performance
0.08% Relative BTC Volume
The total volume of Algorand is $42.37M over the past 24 hours, compared to $54.12B total Bitcoin volume.
Hourly Moving Average
Price Performance
-3.10% 1 Hour Change
$0.1081 from $0.1115
-9.82% 7 Day Change
-$0.0106 from $0.1187
-18.67% 14 Day Change
-$0.0202 from $0.1282
-4.20% 30 Day Change
-$0.0045 from $0.1126
All Time High
June 20, 2019
$3.56 -96.94%
-$3.45 vs. now
24H Change
-34.13M USD -3.44%
-412 BTC
Volume and Supply
Total Supply: 8.87B ALGO 
8.87B ALGO AvailableRelative Supply Ratio
443.80 x BTC SupplyRelative Trade Volume
382.14M ALGO
traded over past 24 hours
Conversion Tool
Algorand AI Market Analysis
Volume stands at approximately 42.4 million ALGO, translating to a volume-to-market cap ratio of 4.29%. This level of trading activity suggests that while there is some interest, it is relatively subdued compared to larger market movements.
Technical indicators reveal that the hourly moving averages are trending slightly downward, with the 8 SMA at $0.1119 showing a decrease of 0.29%. The longer-term SMAs, particularly the 55 SMA at $0.1161 and the 144 SMA at $0.1181, are down by 3.90% and 5.54%, respectively, indicating a bearish trend over a longer period.
The Relative Strength Index (RSI) readings also reflect weakness, with the 1-hour RSI at 49, suggesting the market is neither overbought nor oversold. The 7-day RSI at 47 further indicates a lack of momentum, while the recent 7-day and 14-day price changes of -7.20% and -14.64% signal significant downward pressure.
Despite a slight uptick in the 30-day price change of 1.25%, the overall trend remains bearish, with the price significantly below its all-time high of $3.56 from June 2019. This substantial gap indicates a long-term bearish sentiment, especially as the price has struggled to maintain upward momentum.
Given the technical and fundamental indicators showing persistent downward trends, along with weak trading volume and RSI levels, the recommendation for Algorand (ALGO) is to Sell. The current price action does not present a favorable risk-to-reward ratio for potential gains in the near term.
Updated 492 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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