Algorand ALGO
Current Price
$0.1123 -5.91%
$0.0076 Daily Range (6.80%)
$0.1119$0.1195
$39.31M Daily Volume
517 BTC
Vol/MktCap: 3.93%
Market Performance
0.11% Relative BTC Volume
The total volume of Algorand is $39.31M over the past 24 hours, compared to $34.87B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1144 -1.84%
13 SMA $0.1151 -2.41%
21 SMA $0.1158 -3.00%
55 SMA $0.1171 -4.11%
144 SMA $0.1115 +0.70%
Price Performance
-1.28% 1 Hour Change
$0.1123 from $0.1138
+7.95% 7 Day Change
$0.0089 from $0.1034
+2.43% 14 Day Change
$0.0027 from $0.1096
+38.78% 30 Day Change
$0.0436 from $0.0688
All Time High
June 20, 2019
$3.56 -96.85%
-$3.45 vs. now
24H Change
-53.41M USD -5.07%
-703 BTC
Volume and Supply
Total Supply: 8.91B ALGO 
8.91B 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
444.83 x BTC Supply445:1 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
339.75M ALGO
traded over past 24 hours
3.81% 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 $0.114156, reflecting a 24-hour decline of 1.79%. The daily trading range has been tight, with a high of $0.119512 and a low of $0.113593, indicating limited volatility in the short term.
Trading volume stands at approximately 41.17 million, representing 4.05% of the market cap, which is relatively low and suggests diminished trading activity. The short-term moving averages are bearish, with the 8 SMA at $0.1144 showing a slight decline of 0.22%, while the longer 55 SMA at $0.1171 has a more significant drop of 2.54%.
The Relative Strength Index (RSI) shows a reading of 39 on the hourly chart, indicating that ALGO is nearing oversold conditions. In contrast, the 7-day RSI at 55 suggests a more balanced market sentiment, reflecting a slight upward momentum with a price increase of approximately 9.78% over the past week.
Over the past 14 days, ALGO has experienced a modest price gain of 1.80%, while the 30-day change is significantly more positive at 40.76%. This suggests that despite the recent pullback, there has been substantial recovery in the medium term, driven by broader market trends or specific developments within the Algorand ecosystem.
Considering the current price relative to the all-time high of $3.56, there is significant room for growth; however, the current bearish pressure and low trading volume indicate caution. The mixed signals from the technical indicators suggest a lack of clear direction, necessitating careful observation before making a definitive decision.
Given the current market conditions, the recommendation is to Hold. While there are signs of potential recovery in the longer term, the immediate bearish sentiment coupled with low trading volume suggests that a more favorable entry point may arise before re-engaging aggressively.
Trading volume stands at approximately 41.17 million, representing 4.05% of the market cap, which is relatively low and suggests diminished trading activity. The short-term moving averages are bearish, with the 8 SMA at $0.1144 showing a slight decline of 0.22%, while the longer 55 SMA at $0.1171 has a more significant drop of 2.54%.
The Relative Strength Index (RSI) shows a reading of 39 on the hourly chart, indicating that ALGO is nearing oversold conditions. In contrast, the 7-day RSI at 55 suggests a more balanced market sentiment, reflecting a slight upward momentum with a price increase of approximately 9.78% over the past week.
Over the past 14 days, ALGO has experienced a modest price gain of 1.80%, while the 30-day change is significantly more positive at 40.76%. This suggests that despite the recent pullback, there has been substantial recovery in the medium term, driven by broader market trends or specific developments within the Algorand ecosystem.
Considering the current price relative to the all-time high of $3.56, there is significant room for growth; however, the current bearish pressure and low trading volume indicate caution. The mixed signals from the technical indicators suggest a lack of clear direction, necessitating careful observation before making a definitive decision.
Given the current market conditions, the recommendation is to Hold. While there are signs of potential recovery in the longer term, the immediate bearish sentiment coupled with low trading volume suggests that a more favorable entry point may arise before re-engaging aggressively.
Updated 242 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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