Algorand ALGO
Current Price
$0.1030 +1.46%
$0.0089 Daily Range (8.59%)
$0.0986$0.1075
$52.23M Daily Volume
670 BTC
Vol/MktCap: 5.72%
Market Performance
0.07% Relative BTC Volume
The total volume of Algorand is $52.23M over the past 24 hours, compared to $80.30B total Bitcoin volume.
Hourly Moving Average
Price Performance
-1.65% 1 Hour Change
$0.1030 from $0.1048
-15.50% 7 Day Change
-$0.0160 from $0.1190
-14.30% 14 Day Change
-$0.0147 from $0.1178
-20.12% 30 Day Change
-$0.0207 from $0.1238
All Time High
June 20, 2019
$3.56 -97.11%
-$3.46 vs. now
24H Change
11.89M USD +1.32%
153 BTC
Volume and Supply
Total Supply: 8.87B ALGO 
8.87B ALGO AvailableRelative Supply Ratio
443.82 x BTC SupplyRelative Trade Volume
506.89M ALGO
traded over past 24 hours
Conversion Tool
Algorand AI Market Analysis
The volume stands at 53,659,248, which corresponds to a volume-to-market cap ratio of 5.80%. This level of trading activity suggests moderate interest, but it is not sufficient to drive significant price momentum given the overall market conditions.
In terms of moving averages, the 8 SMA is currently at $0.1056, showing a decline of 1.21%, while the 21 SMA at $0.1037 has increased by 0.63%. The longer-term 144 SMA is notably lower at $0.1108, down by 5.84%, indicating potential resistance levels in the short term.
The 1-hour RSI is at 61, signaling that ALGO is nearing overbought territory, while the 7-day RSI of 42 indicates bearish momentum over a longer timeframe. Furthermore, the 7-day, 14-day, and 30-day price changes reflect declines of 14.34%, 13.63%, and 19.15%, respectively, suggesting persistent selling pressure.
With the all-time high of $3.56 set in June 2019, ALGO remains significantly below its peak, indicating a long-term downtrend. The current price levels indicate a lack of strong bullish momentum, especially considering the recent downward price changes.
Given the mixed technical indicators and the ongoing bearish sentiment, a cautious approach is warranted. The current price does not present a compelling buying opportunity, as there is potential for further decline if selling pressure persists.
Rating: Hold. While the short-term increase is positive, the overall market conditions and declining longer-term indicators suggest it is prudent to maintain current positions rather than initiate new buys.
Updated 89 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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