Algorand ALGO
Current Price
$0.1053 -4.93%
$0.0057 Daily Range (5.44%)
$0.1050$0.1107
$27.91M Daily Volume
371 BTC
Vol/MktCap: 2.98%
Market Performance
0.06% Relative BTC Volume
The total volume of Algorand is $27.91M over the past 24 hours, compared to $44.78B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1062 -0.90%
13 SMA $0.1070 -1.56%
21 SMA $0.1077 -2.28%
55 SMA $0.1114 -5.50%
144 SMA $0.1105 -4.70%
Price Performance
+0.06% 1 Hour Change
$0.1053 from $0.1052
-0.10% 7 Day Change
-$0.0001 from $0.1054
-10.51% 14 Day Change
-$0.0111 from $0.1163
+16.15% 30 Day Change
$0.0170 from $0.0883
All Time High
June 20, 2019
$3.56 -97.04%
-$3.45 vs. now
24H Change
-50.52M USD -5.11%
-672 BTC
Volume and Supply
Total Supply: 8.90B ALGO 
8.90B 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
444.82 x BTC Supply445:1 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
258.68M ALGO
traded over past 24 hours
2.91% 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 $0.106437, reflecting a 24-hour decline of 4.18%. The price has moved within a daily range of $0.005375, with a high of $0.111895 and a low of $0.10652, indicating a bearish trend in the short term.
The trading volume stands at approximately 30.77 million, equating to 3.25% of its market cap. This relatively low volume suggests limited buying interest, which aligns with the negative price movement observed over the past day.
Technical indicators show that ALGO is under pressure, with hourly moving averages indicating consistent downward trends across short to medium-term periods. The 8 SMA is currently at $0.1082 (-1.59%), while the longer-term 55 SMA at $0.1123 shows a more pronounced decline of -5.22%, reinforcing bearish sentiment.
The 1-hour RSI is at 34, indicating a potential oversold condition in the very short term. However, the 7-day RSI at 52 suggests the asset is in a neutral zone, while the 14-day price change of -11.21% signals broader bearish momentum that could influence market sentiment going forward.
Over the past 30 days, ALGO has seen a price increase of nearly 19.89%, which may provide a buffer against immediate sell-offs. Nevertheless, the current downward trajectory and the recent high volatility warrant caution from traders looking for short-term positions.
In conclusion, given the current technical indicators, low trading volume, and overall bearish sentiment, the recommendation for Algorand (ALGO) is to Hold. This strategy allows investors to avoid potential losses in a declining market while monitoring for signs of a reversal or recovery in sentiment.
The trading volume stands at approximately 30.77 million, equating to 3.25% of its market cap. This relatively low volume suggests limited buying interest, which aligns with the negative price movement observed over the past day.
Technical indicators show that ALGO is under pressure, with hourly moving averages indicating consistent downward trends across short to medium-term periods. The 8 SMA is currently at $0.1082 (-1.59%), while the longer-term 55 SMA at $0.1123 shows a more pronounced decline of -5.22%, reinforcing bearish sentiment.
The 1-hour RSI is at 34, indicating a potential oversold condition in the very short term. However, the 7-day RSI at 52 suggests the asset is in a neutral zone, while the 14-day price change of -11.21% signals broader bearish momentum that could influence market sentiment going forward.
Over the past 30 days, ALGO has seen a price increase of nearly 19.89%, which may provide a buffer against immediate sell-offs. Nevertheless, the current downward trajectory and the recent high volatility warrant caution from traders looking for short-term positions.
In conclusion, given the current technical indicators, low trading volume, and overall bearish sentiment, the recommendation for Algorand (ALGO) is to Hold. This strategy allows investors to avoid potential losses in a declining market while monitoring for signs of a reversal or recovery in sentiment.
Updated 485 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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