Algorand ALGO
Current Price
$0.1152 -7.02%
$0.0094 Daily Range (8.16%)
$0.1145$0.1239
$77.50M Daily Volume
1,162 BTC
Vol/MktCap: 7.56%
Market Performance
0.45% Relative BTC Volume
The total volume of Algorand is $77.50M over the past 24 hours, compared to $17.11B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1167 -1.26%
13 SMA $0.1174 -1.86%
21 SMA $0.1182 -2.49%
55 SMA $0.1203 -4.18%
144 SMA $0.1058 +8.95%
Price Performance
-0.24% 1 Hour Change
$0.1152 from $0.1155
+41.71% 7 Day Change
$0.0481 from $0.0672
+33.74% 14 Day Change
$0.0389 from $0.0763
+33.89% 30 Day Change
$0.0390 from $0.0762
All Time High
June 20, 2019
$3.56 -96.77%
-$3.44 vs. now
24H Change
-79.26M USD -7.18%
-1,188 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
444.40 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
650.06M ALGO
traded over past 24 hours
7.31% 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 $0.116591, reflecting a 5.01% decline over the past 24 hours. The daily range has been relatively tight, with a high of $0.124566 and a low of $0.114526, indicating a lack of volatility in the short term.
The trading volume over the last 24 hours stands at 86,790,888, representing 8.37% of the market cap, suggesting moderate interest from traders. However, the hourly moving averages are trending negatively, with the 8 SMA at $0.1186 and a decline of 1.70%, indicating short-term bearish sentiment.
Technical indicators show that the 1-hour RSI is at 37, which indicates that ALGO is approaching oversold territory. In contrast, the 7-day RSI is at 60, suggesting that the asset has room for further upward movement in the mid-term, supported by a strong price increase of approximately 43.76% over the last week.
Despite the recent downturn, the longer-term price changes are positive, with a 14-day increase of 35.32% and a 30-day increase of 34.73%. This momentum indicates that while short-term pressures exist, there is significant bullish activity over a longer horizon, potentially stabilizing the price.
Given the current bearish sentiment in the short term, the price action below key moving averages signals caution for immediate trading decisions. However, the overall upward trend in longer time frames and the moderate RSI suggest that there could be an opportunity for a rebound.
Considering these factors, I recommend a Hold rating for ALGO at this time. The asset appears to be consolidating after a strong price increase, and while short-term risks exist, the potential for a recovery in the coming days remains plausible.
The trading volume over the last 24 hours stands at 86,790,888, representing 8.37% of the market cap, suggesting moderate interest from traders. However, the hourly moving averages are trending negatively, with the 8 SMA at $0.1186 and a decline of 1.70%, indicating short-term bearish sentiment.
Technical indicators show that the 1-hour RSI is at 37, which indicates that ALGO is approaching oversold territory. In contrast, the 7-day RSI is at 60, suggesting that the asset has room for further upward movement in the mid-term, supported by a strong price increase of approximately 43.76% over the last week.
Despite the recent downturn, the longer-term price changes are positive, with a 14-day increase of 35.32% and a 30-day increase of 34.73%. This momentum indicates that while short-term pressures exist, there is significant bullish activity over a longer horizon, potentially stabilizing the price.
Given the current bearish sentiment in the short term, the price action below key moving averages signals caution for immediate trading decisions. However, the overall upward trend in longer time frames and the moderate RSI suggest that there could be an opportunity for a rebound.
Considering these factors, I recommend a Hold rating for ALGO at this time. The asset appears to be consolidating after a strong price increase, and while short-term risks exist, the potential for a recovery in the coming days remains plausible.
Updated 99 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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