Algorand ALGO
Current Price
$0.0831 -1.74%
$0.0021 Daily Range (2.57%)
$0.0828$0.0850
$24.07M Daily Volume
357 BTC
Vol/MktCap: 3.26%
Market Performance
0.10% Relative BTC Volume
The total volume of Algorand is $24.07M over the past 24 hours, compared to $24.69B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.0840 -1.08%
13 SMA $0.0841 -1.20%
21 SMA $0.0843 -1.43%
55 SMA $0.0858 -3.13%
144 SMA $0.0867 -4.14%
Price Performance
-1.20% 1 Hour Change
$0.0831 from $0.0841
-5.48% 7 Day Change
-$0.0045 from $0.0876
-8.01% 14 Day Change
-$0.0067 from $0.0897
-6.31% 30 Day Change
-$0.0052 from $0.0883
All Time High
June 20, 2019
$3.56 -97.67%
-$3.48 vs. now
24H Change
-12.83M USD -1.71%
-191 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
286.92M ALGO
traded over past 24 hours
3.23% 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 $0.08384, reflecting a slight decline of 0.21542% over the past 24 hours. The daily trading range is tight, with a high of $0.084965 and a low of $0.083551, indicating limited volatility in the short term.
The trading volume stands at approximately 27.5 million, representing 3.69% of its market cap, which suggests moderate interest from investors. However, the negative trend in the hourly moving averages reveals bearish momentum, with the 8 SMA at $0.0843 down by 0.57% and the 55 SMA significantly lower at $0.0863, down by 2.89%.
Momentum indicators show a weak position, with the 1-hour RSI at 40, indicating that ALGO is nearing oversold territory. The 7-day RSI at 48, combined with a 7-day price change of -0.316%, suggests a lack of strong upward momentum in the near term.
Over the longer term, the 14-day price change of -7.39% and the 30-day change of -13.84% illustrate a consistent downtrend. Furthermore, the stark contrast to its all-time high of $3.56 from June 2019 underscores the significant depreciation of ALGO, emphasizing the need for caution.
Given the current technical indicators and the persistent bearish trend, I recommend a Hold rating for Algorand (ALGO). While the price is low, and there may be potential for recovery, the absence of bullish signals and the overall downtrend suggest that investors should wait for clearer signs of reversal before considering new positions.
The trading volume stands at approximately 27.5 million, representing 3.69% of its market cap, which suggests moderate interest from investors. However, the negative trend in the hourly moving averages reveals bearish momentum, with the 8 SMA at $0.0843 down by 0.57% and the 55 SMA significantly lower at $0.0863, down by 2.89%.
Momentum indicators show a weak position, with the 1-hour RSI at 40, indicating that ALGO is nearing oversold territory. The 7-day RSI at 48, combined with a 7-day price change of -0.316%, suggests a lack of strong upward momentum in the near term.
Over the longer term, the 14-day price change of -7.39% and the 30-day change of -13.84% illustrate a consistent downtrend. Furthermore, the stark contrast to its all-time high of $3.56 from June 2019 underscores the significant depreciation of ALGO, emphasizing the need for caution.
Given the current technical indicators and the persistent bearish trend, I recommend a Hold rating for Algorand (ALGO). While the price is low, and there may be potential for recovery, the absence of bullish signals and the overall downtrend suggest that investors should wait for clearer signs of reversal before considering new positions.
Updated 516 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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