Algorand ALGO
Current Price
$0.0868 -3.98%
$0.0043 Daily Range (4.93%)
$0.0864$0.0907
$17.17M Daily Volume
255 BTC
Vol/MktCap: 2.23%
Market Performance
0.08% Relative BTC Volume
The total volume of Algorand is $17.17M over the past 24 hours, compared to $20.21B total Bitcoin volume.
Hourly Moving Average
Price Performance
+0.16% 1 Hour Change
$0.0868 from $0.0867
-8.60% 7 Day Change
-$0.0075 from $0.0943
-10.27% 14 Day Change
-$0.0089 from $0.0957
-28.53% 30 Day Change
-$0.0248 from $0.1116
All Time High
June 20, 2019
$3.56 -97.56%
-$3.47 vs. now
24H Change
-31.95M USD -3.98%
-474 BTC
Volume and Supply
Total Supply: 8.88B ALGO 
8.88B ALGO AvailableRelative Supply Ratio
444.17 x BTC SupplyRelative Trade Volume
193.87M ALGO
traded over past 24 hours
Conversion Tool
Algorand AI Market Analysis
The trading volume stands at 18,069,957, with a volume-to-market cap ratio of 2.31%, suggesting moderate trading activity relative to its market capitalization. Short-term moving averages are in a downtrend, with the 8 SMA at $0.0888, 13 SMA at $0.0894, and the 21 SMA at $0.0898, all indicating bearish momentum.
The 1-hour Relative Strength Index (RSI) is at 25, suggesting that ALGO is in an oversold condition in the very short term. The 7-day RSI at 44 indicates a neutral stance, but both the 7-day and 14-day price changes are negative, with declines of -10.22% and -9.58% respectively, reflecting bearish sentiment over the recent weeks.
Longer-term, the 30-day price change shows a significant decline of -26.58%, confirming an ongoing downtrend. The all-time high for ALGO remains at $3.56, achieved in June 2019, which underscores the current price's substantial distance from historical peaks.
Given the downward momentum in the short to mid-term indicators and the oversold condition, ALGO may experience a short-term rebound. However, the longer-term trends and negative price changes suggest continued bearish pressure.
Considering the current technical indicators and market conditions, a Hold rating is appropriate at this time. This strategy allows for monitoring potential upward movements while avoiding the risk of further declines.
Updated 451 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
In The News

The price of Bitcoin has been stuck in a consolidation range below $70,000 so far this week, after spending most of the previous weekend above it.

A new Bloomberg analysis argues bitcoin is facing a “$1 trillion identity crisis,” as falling prices, exchange-traded fund (ETF) outflows, and rising competition from gold,…

Bank of America's latest market call reads less like a typical bear forecast and more like a structural warning about what happens when markets stop paying premium multiples,…

The Ethereum price action has not inspired much confidence recently. It has stayed mostly flat over the past 24 hours and remains down over 5% in the past seven days.