Based on today's classical pivot point (P1) with the value of $0.1387, Algorand has support levels of $0.1344, $0.1318, and the strongest at $0.1276. Similarly, Algorand resistance levels are at $0.1413, $0.1455, and $0.1482.
| # | Price | Strength |
|---|---|---|
| S1 | $0.1344 | |
| S2 | $0.1318 | |
| S3 | $0.1276 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.1413 | |
| R2 | $0.1455 | |
| R3 | $0.1482 |
Technical indicators are an essential tool for conducting technical analysis. They provide insights into an asset's market status, investor sentiment, and more, thereby helping investors make more informed trading decisions.
| Period | Value | Action |
|---|---|---|
| RSI (14) | 44.23 | NEUTRAL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 48.56 | NEUTRAL |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 32.57 | SELL |
| Awesome Oscillator (5, 34) | -0.02 | NEUTRAL |
| Momentum (10) | -0.01 | SELL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -51.44 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 48.68 | NEUTRAL |
| VWMA (10) | 0.14 | SELL |
| Hull Moving Average (9) | 0.13 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.16 | NEUTRAL |
Over the past 7 days, Algorand price was most positively correlated with the price of VeChain (VET), Floki Inu (FLOKI), Stacks (STX), Injective (INJ) and Immutable X (IMX) and most negatively correlated with the price of JUST (JST), UNUS SED LEO (LEO), Merlin Chain (MERL), Quant (QNT) and Monero (XMR).
| Name | Correlation |
|---|---|
| VeChain | 0.981 |
| Floki Inu | 0.976 |
| Stacks | 0.975 |
| Injective | 0.974 |
| Immutable X | 0.970 |
| Name | Correlation |
|---|---|
| JUST | -0.802 |
| UNUS SED LEO | -0.345 |
| Merlin Chain | -0.266 |
| Quant | -0.124 |
| Monero | 0.213 |
Algorand price is positively correlated with the top 10 coins by market cap with a price of 0.793, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.780.
Currencies that are positively correlated with Algorand indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Algorand, a move in one direction for Algorand would translate into a move in the opposite direction for the negatively correlated coin.
