Algorand ALGO
Current Price
$0.1040 -3.75%
$0.0081 Daily Range (7.82%)
$0.1018$0.1099
$50.47M Daily Volume
688 BTC
Vol/MktCap: 5.47%
Market Performance
0.07% Relative BTC Volume
The total volume of Algorand is $50.47M over the past 24 hours, compared to $71.80B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1046 -0.51%
13 SMA $0.1059 -1.76%
21 SMA $0.1064 -2.21%
55 SMA $0.1056 -1.50%
144 SMA $0.1065 -2.26%
Price Performance
+1.51% 1 Hour Change
$0.1040 from $0.1025
-14.29% 7 Day Change
-$0.0149 from $0.1189
-13.84% 14 Day Change
-$0.0144 from $0.1184
-25.00% 30 Day Change
-$0.0260 from $0.1301
All Time High
June 20, 2019
$3.56 -97.07%
-$3.46 vs. now
24H Change
-36.75M USD -3.83%
-501 BTC
Volume and Supply
Total Supply: 8.87B ALGO 
8.87B ALGO Available99.99% 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
443.81 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
476.83M ALGO
traded over past 24 hours
5.38% 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 trading at $0.105452, reflecting a slight decrease of 0.87% over the last 24 hours. The trading range has been relatively tight, with a daily high of $0.109919 and a low of $0.100889, indicating some price consolidation.
The volume over the past 24 hours stands at 53,068,600, contributing to a market cap volume ratio of 5.67%. This volume, while decent, suggests that market interest is waning, particularly given the negative price trends observed over the past week, month, and 14 days.
Short-term moving averages show a bearish sentiment, with the 8 SMA at $0.1078 indicating a 2.22% decrease, and the 13 SMA at $0.1075 down 1.91%. The 55 SMA is essentially flat at $0.1054, suggesting a potential support level, while the 21 SMA at $0.1068 is also declining, reinforcing the short-term bearish outlook.
The Relative Strength Index (RSI) for both the 1-hour and 7-day periods is at 46 and 45, respectively, signaling that the asset is neither overbought nor oversold but leaning towards a bearish momentum. The continuous decline in price over the past 7, 14, and 30 days indicates a persistent downward trend, with decreases of 13.34%, 9.73%, and 21.67% respectively.
Given the current price action, technical indicators, and overall market sentiment, Algorand is showing signs of weakness. The combination of bearish moving averages, a lack of significant volume increase, and consistent price declines over various timeframes leads to a recommendation of Sell.
In summary, the current market conditions and data suggest that investors may want to divest from ALGO until there are clearer signals of a trend reversal or improved market conditions.
The volume over the past 24 hours stands at 53,068,600, contributing to a market cap volume ratio of 5.67%. This volume, while decent, suggests that market interest is waning, particularly given the negative price trends observed over the past week, month, and 14 days.
Short-term moving averages show a bearish sentiment, with the 8 SMA at $0.1078 indicating a 2.22% decrease, and the 13 SMA at $0.1075 down 1.91%. The 55 SMA is essentially flat at $0.1054, suggesting a potential support level, while the 21 SMA at $0.1068 is also declining, reinforcing the short-term bearish outlook.
The Relative Strength Index (RSI) for both the 1-hour and 7-day periods is at 46 and 45, respectively, signaling that the asset is neither overbought nor oversold but leaning towards a bearish momentum. The continuous decline in price over the past 7, 14, and 30 days indicates a persistent downward trend, with decreases of 13.34%, 9.73%, and 21.67% respectively.
Given the current price action, technical indicators, and overall market sentiment, Algorand is showing signs of weakness. The combination of bearish moving averages, a lack of significant volume increase, and consistent price declines over various timeframes leads to a recommendation of Sell.
In summary, the current market conditions and data suggest that investors may want to divest from ALGO until there are clearer signals of a trend reversal or improved market conditions.
Updated 408 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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