Algorand ALGO
Current Price
$0.1218 +14.06%
$0.0184 Daily Range (15.11%)
$0.1047$0.1231
$195.26M Daily Volume
2,919 BTC
Vol/MktCap: 18.02%
Market Performance
0.73% Relative BTC Volume
The total volume of Algorand is $195.26M over the past 24 hours, compared to $26.88B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1198 +1.65%
13 SMA $0.1198 +1.64%
21 SMA $0.1162 +4.79%
55 SMA $0.1086 +12.15%
144 SMA $0.0945 +28.82%
Price Performance
+0.25% 1 Hour Change
$0.1218 from $0.1215
+50.21% 7 Day Change
$0.0611 from $0.0606
+35.99% 14 Day Change
$0.0438 from $0.0780
+35.95% 30 Day Change
$0.0438 from $0.0780
All Time High
June 20, 2019
$3.56 -96.58%
-$3.44 vs. now
24H Change
135.59M USD +14.31%
2,027 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
444.39 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
1.71B ALGO
traded over past 24 hours
19.27% 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 $0.121469, reflecting an impressive 11.87% increase over the past 24 hours. The price action has ranged from a low of $0.104737 to a high of $0.12314, indicating strong volatility within this period.
Trading volume stands at 194,135,949, representing 17.87% of the market cap, suggesting increased market interest and liquidity. The daily range of 0.018403% underscores a tight trading band, which often precedes significant price movements.
Short-term moving averages are showing bullish momentum, with the 55 SMA at $0.1086 indicating a 11.86% rise, while the 21 SMA at $0.1162 has increased by 4.52%. The 8 and 13 SMAs are also trending upward, confirming the current bullish sentiment in the market.
The 1-hour RSI at 61 indicates that ALGO is approaching overbought territory, while the 7-day RSI of 65 suggests sustained momentum. This strength is further supported by significant price gains over the past week (50.05%) and the past 14 days (35.31%).
Despite the recent uptrend, ALGO remains significantly below its all-time high of $3.56 set in June 2019, indicating substantial room for growth. The continuous upward price action combined with increasing RSI values suggests that bullish momentum could continue in the short term.
Given the technical indicators and recent performance, Algorand is positioned for further upside, especially if it breaks above the 24-hour high of $0.12314. However, traders should monitor RSI levels to avoid entering at an overbought condition.
Overall, I rate ALGO as a Buy, as the combination of strong price momentum, positive moving averages, and substantial volume indicate a favorable trading environment. Caution is advised regarding potential pullbacks, but the overall trend suggests upward movement is likely.
Trading volume stands at 194,135,949, representing 17.87% of the market cap, suggesting increased market interest and liquidity. The daily range of 0.018403% underscores a tight trading band, which often precedes significant price movements.
Short-term moving averages are showing bullish momentum, with the 55 SMA at $0.1086 indicating a 11.86% rise, while the 21 SMA at $0.1162 has increased by 4.52%. The 8 and 13 SMAs are also trending upward, confirming the current bullish sentiment in the market.
The 1-hour RSI at 61 indicates that ALGO is approaching overbought territory, while the 7-day RSI of 65 suggests sustained momentum. This strength is further supported by significant price gains over the past week (50.05%) and the past 14 days (35.31%).
Despite the recent uptrend, ALGO remains significantly below its all-time high of $3.56 set in June 2019, indicating substantial room for growth. The continuous upward price action combined with increasing RSI values suggests that bullish momentum could continue in the short term.
Given the technical indicators and recent performance, Algorand is positioned for further upside, especially if it breaks above the 24-hour high of $0.12314. However, traders should monitor RSI levels to avoid entering at an overbought condition.
Overall, I rate ALGO as a Buy, as the combination of strong price momentum, positive moving averages, and substantial volume indicate a favorable trading environment. Caution is advised regarding potential pullbacks, but the overall trend suggests upward movement is likely.
Updated 94 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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