Algorand ALGO
Current Price
$0.0985 +5.52%
$0.0055 Daily Range (5.55%)
$0.0933$0.0988
$27.33M Daily Volume
392 BTC
Vol/MktCap: 3.13%
Market Performance
0.07% Relative BTC Volume
The total volume of Algorand is $27.33M over the past 24 hours, compared to $40.87B total Bitcoin volume.
Hourly Moving Average
Price Performance
+0.26% 1 Hour Change
$0.0985 from $0.0982
+2.85% 7 Day Change
$0.0028 from $0.0957
-4.45% 14 Day Change
-$0.0044 from $0.1029
-24.85% 30 Day Change
-$0.0245 from $0.1230
All Time High
June 20, 2019
$3.56 -97.23%
-$3.46 vs. now
24H Change
46.09M USD +5.57%
661 BTC
Volume and Supply
Total Supply: 8.87B ALGO 
8.87B ALGO AvailableRelative Supply Ratio
443.86 x BTC SupplyRelative Trade Volume
284.44M ALGO
traded over past 24 hours
Conversion Tool
Algorand AI Market Analysis
Trading volume has reached 29,591,162 ALGO, contributing to a volume-to-market cap ratio of 3.39%, suggesting moderate trading activity. The hourly moving averages indicate a bullish trend, with the 8 SMA at $0.0969 showing an increase of 1.58% and the 55 SMA at $0.0928 reflecting a stronger upward momentum of 6.06%.
The 1-hour Relative Strength Index (RSI) is at 90, signaling that ALGO is currently overbought in the short term, which could lead to a potential price correction. In contrast, the 7-day RSI at 52 indicates that the asset is nearing equilibrium, reflecting a neutral trend over the past week.
In terms of price performance, ALGO has seen a modest increase of 3.32% over the last 7 days, but it has experienced declines of 8.91% and 26.33% over the 14-day and 30-day periods, respectively. This longer-term downtrend suggests that despite the recent uptick, ALGO is still in a bearish cycle compared to its historical performance.
With an all-time high of $3.56 reached in June 2019, current prices indicate a significant drawdown from that peak. While the recent price action suggests short-term bullish sentiment, the overall trend remains concerning due to the longer-term declines and high short-term RSI levels.
Given the current data, I recommend a Hold rating for ALGO. While the recent price increase is promising, the overbought conditions and longer-term bearish trends imply that investors should exercise caution before entering new positions.
Updated 186 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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