Image of ALGO
ALGOAlgorand
$0.1175
4.06%
1D

Algorand Analysis

50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Algorand Support and Resistance Levels

Based on today's classical pivot point (P1) with the value of $0.1113, Algorand has support levels of $0.1093, $0.1070, and the strongest at $0.1051. Similarly, Algorand resistance levels are at $0.1136, $0.1156, and $0.1178.

#PriceStrength
S1$0.1093
S2$0.1070
S3$0.1051
#PriceStrength
R1$0.1136
R2$0.1156
R3$0.1178
Algorand Technical Indicators

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.

PeriodValueAction
RSI (14)25.08BUY
Stoch RSI (14)43.76NEUTRAL
Stochastic Fast (14)25.64NEUTRAL
Commodity Channel Index (20)-66.67NEUTRAL
Average Directional Index (14)52.32BUY
Awesome Oscillator (5, 34)-0.02NEUTRAL
Momentum (10)-0.01NEUTRAL
MACD (12, 26)0.00NEUTRAL
Williams Percent Range (14)-74.36NEUTRAL
Ultimate Oscillator (7, 14, 28)51.33NEUTRAL
VWMA (10)0.11SELL
Hull Moving Average (9)0.11BUY
Ichimoku Cloud B/L (9, 26, 52, 26)0.12NEUTRAL
Assets similar to Algorand

Over the past 7 days, Algorand price was most positively correlated with the price of Lido DAO Token (LDO), Artificial Superintelligence Alliance (FET), Toncoin (TON), Arbitrum (ARB) and Immutable X (IMX) and most negatively correlated with the price of JUST (JST), TRON (TRX), Trust Wallet Token (TWT), APENFT (NFT) and Sun Token (SUN).

Positively Correlated Currencies
NameCorrelation
Image of Lido DAO TokenLido DAO Token0.829
Image of Artificial Superintelligence AllianceArtificial Superintelligence Alliance0.814
Image of ToncoinToncoin0.807
Image of ArbitrumArbitrum0.801
Image of Immutable XImmutable X0.780
Negatively Correlated Currencies
NameCorrelation
Image of JUSTJUST-0.590
Image of TRONTRON-0.408
Image of Trust Wallet TokenTrust Wallet Token-0.330
Image of APENFTAPENFT-0.294
Image of Sun TokenSun Token-0.253

Algorand price is positively correlated with the top 10 coins by market cap with a price of 0.496, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.350.

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.

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