Algorand ALGO
Current Price
$0.1589 -4.06%
$0.0071 Daily Range (4.46%)
$0.1592$0.1663
$55.70M Daily Volume
589 BTC
Vol/MktCap: 3.98%
Market Performance
0.11% Relative BTC Volume
The total volume of Algorand is $55.70M over the past 24 hours, compared to $49.77B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1648 -3.57%
13 SMA $0.1643 -3.34%
21 SMA $0.1643 -3.29%
55 SMA $0.1639 -3.10%
144 SMA $0.1728 -8.04%
Price Performance
-2.11% 1 Hour Change
$0.1589 from $0.1623
-10.96% 7 Day Change
-$0.0174 from $0.1763
-10.68% 14 Day Change
-$0.0170 from $0.1758
-9.73% 30 Day Change
-$0.0155 from $0.1743
All Time High
June 20, 2019
$3.56 -95.49%
-$3.40 vs. now
24H Change
-58.38M USD -4.01%
-618 BTC
Volume and Supply
Total Supply: 8.79B ALGO 
8.79B 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
440.85 x BTC Supply441:1 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
342.22M ALGO
traded over past 24 hours
3.89% 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 $0.165232, reflecting a modest 24-hour change of 0.94%. The daily trading range indicates stability, with a high of $0.166233 and a low of $0.161426, suggesting a tight price movement of 0.004807%.
The volume of trading stands at approximately 42.43 million, equating to a volume-to-market cap ratio of 2.92%, which shows a moderate level of trading activity. Short-term moving averages are slightly bullish, with the 8 SMA at $0.1635 showing a 1.06% increase, while longer-term averages like the 144 SMA are down 4.87% at $0.1737, indicating some bearish pressure over an extended period.
Momentum indicators reveal a mixed sentiment; the 1-hour RSI is neutral at 49, while the 7-day RSI is at 44, indicating a potential oversold condition. Furthermore, the 7-day price change reflects a decline of approximately 4%, while the 14-day and 30-day changes show losses of 7.84% and 3.94%, respectively, signaling a general downtrend in the mid-term.
Comparatively, ALGO remains significantly below its all-time high of $3.56 established in June 2019, indicating a potential for recovery but also a long road ahead. The current price level reflects a significant discount to historical peaks, making it a candidate for long-term investors if the fundamentals improve.
Based on the analysis, Algorand shows signs of consolidation but lacks strong momentum for a bullish reversal in the immediate term. The mixed technical indicators and recent price declines suggest a cautious approach, thus a Hold rating is advised as traders may wait for clearer signs of upward movement or a change in market sentiment.
The volume of trading stands at approximately 42.43 million, equating to a volume-to-market cap ratio of 2.92%, which shows a moderate level of trading activity. Short-term moving averages are slightly bullish, with the 8 SMA at $0.1635 showing a 1.06% increase, while longer-term averages like the 144 SMA are down 4.87% at $0.1737, indicating some bearish pressure over an extended period.
Momentum indicators reveal a mixed sentiment; the 1-hour RSI is neutral at 49, while the 7-day RSI is at 44, indicating a potential oversold condition. Furthermore, the 7-day price change reflects a decline of approximately 4%, while the 14-day and 30-day changes show losses of 7.84% and 3.94%, respectively, signaling a general downtrend in the mid-term.
Comparatively, ALGO remains significantly below its all-time high of $3.56 established in June 2019, indicating a potential for recovery but also a long road ahead. The current price level reflects a significant discount to historical peaks, making it a candidate for long-term investors if the fundamentals improve.
Based on the analysis, Algorand shows signs of consolidation but lacks strong momentum for a bullish reversal in the immediate term. The mixed technical indicators and recent price declines suggest a cautious approach, thus a Hold rating is advised as traders may wait for clearer signs of upward movement or a change in market sentiment.
Updated 375 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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