Algorand ALGO
Current Price
$0.1422 +10.09%
$0.0140 Daily Range (9.87%)
$0.1286$0.1427
$50.56M Daily Volume
540 BTC
Vol/MktCap: 4.04%
Market Performance
0.06% Relative BTC Volume
The total volume of Algorand is $50.56M over the past 24 hours, compared to $88.53B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1388 +2.45%
13 SMA $0.1371 +3.73%
21 SMA $0.1342 +5.93%
55 SMA $0.1330 +6.89%
144 SMA $0.1391 +2.18%
Price Performance
+2.35% 1 Hour Change
$0.1422 from $0.1389
-1.50% 7 Day Change
-$0.0021 from $0.1443
-8.77% 14 Day Change
-$0.0125 from $0.1546
-15.88% 30 Day Change
-$0.0226 from $0.1647
All Time High
June 20, 2019
$3.56 -96.01%
-$3.42 vs. now
24H Change
114.43M USD +10.06%
1,223 BTC
Volume and Supply
Total Supply: 8.81B ALGO 
8.81B ALGO Available99.95% 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
441.49 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
372.73M ALGO
traded over past 24 hours
4.23% 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 $0.138188, reflecting a 6.01% increase over the past 24 hours. The asset has experienced a daily high of $0.140501 and a low of $0.128625, indicating a relatively narrow daily range of 0.011876%, which suggests limited volatility in the short term.
Volume for the past 24 hours stands at approximately 58.4 million ALGO, with a volume-to-market cap ratio of 4.80%, indicating moderate trading activity. The hourly moving averages show a bullish trend in the short term, particularly with the 8 SMA at $0.1351 (+2.27%) and 13 SMA at $0.1329 (+4.00%), while the 144 SMA at $0.1395 (-0.92%) indicates potential resistance at the current price level.
The 1-hour RSI is at 78, suggesting that ALGO is overbought in the very short term, which may lead to a price correction. However, the 7-day RSI at 45 indicates that the asset is nearing the oversold territory, reflecting a bearish trend over the past week with a price change of -4.90%.
On a broader scale, the 14-day and 30-day price changes are negative at -12.70% and -20.84% respectively, indicating a sustained bearish momentum. This longer-term trend, coupled with the recent price movements, suggests that the asset may face challenges in maintaining upward momentum.
Given the current price level, short-term bullish indicators, and longer-term bearish trends, a cautious approach is warranted. Therefore, the rating for Algorand (ALGO) is a Hold, as it may be prudent to wait for a clearer trend confirmation or a more favorable entry point, especially considering the recent overbought conditions and potential for a price correction.
Volume for the past 24 hours stands at approximately 58.4 million ALGO, with a volume-to-market cap ratio of 4.80%, indicating moderate trading activity. The hourly moving averages show a bullish trend in the short term, particularly with the 8 SMA at $0.1351 (+2.27%) and 13 SMA at $0.1329 (+4.00%), while the 144 SMA at $0.1395 (-0.92%) indicates potential resistance at the current price level.
The 1-hour RSI is at 78, suggesting that ALGO is overbought in the very short term, which may lead to a price correction. However, the 7-day RSI at 45 indicates that the asset is nearing the oversold territory, reflecting a bearish trend over the past week with a price change of -4.90%.
On a broader scale, the 14-day and 30-day price changes are negative at -12.70% and -20.84% respectively, indicating a sustained bearish momentum. This longer-term trend, coupled with the recent price movements, suggests that the asset may face challenges in maintaining upward momentum.
Given the current price level, short-term bullish indicators, and longer-term bearish trends, a cautious approach is warranted. Therefore, the rating for Algorand (ALGO) is a Hold, as it may be prudent to wait for a clearer trend confirmation or a more favorable entry point, especially considering the recent overbought conditions and potential for a price correction.
Updated 510 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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