Algorand price prediction

Our price prediction is based on hi-resolution deal analysis from cryptocurrency exchanges. We are collecting and gather statistics to obtain price support levels that show most important zones witch traders want to buy or sell stocks. These buy/sell histograms showed in report combined with current trend analysis can be used to build high probability forecasting of future price trends. It also can be useful to set a price on calculated levels to be sure maximum profit was received.

Disclaimer
Cryptocurrency trading involves substantial risk of loss and is not suitable for every investor. All trading strategies are used at your own risk. This page performs statistical analysis of past data and can be used for assumptions about the future only taking into account the statistical probability

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Algorand price levels prediction for next 24 hours

Next 24 hours brief prediction

Price of ALGO is now on EDGE at $0.3094. So the next scenario is able. If price will go up, it will RAISE with support level $0.3094 If price will go down it will spend next in CHANNEL near to $0.29439998 with $0.3094 as upper border and $0.27159998 as bottom.

Historic price levels for next 24 hours

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation
$0.3151078522205353 Weight: 11.301 05 Sep 2019
$0.3094587028026581 Weight: 11.047 06 Nov 2019
$0.3031260371208191 Weight: 25.503 06 Sep 2020
$0.3023530840873718 Weight: 10.73 08 Aug 2020
$0.2875736951828003 Weight: 12.972 17 Feb 2020
$0.272752046585083 Weight: 9.744 12 Mar 2020
$0.2496248334646225 Weight: 42.476 02 Aug 2020
$0.2493005096912384 Weight: 10.2 07 Oct 2020
$0.24864418804645538 Weight: 14.582 24 Sep 2020
$0.2435888946056366 Weight: 10.58 28 Jul 2020

Volume profile price channel in 24 hours range

Edge levels of the price channel based on volume profile report.
Price Description
0.3094 Edge price dividing trends based on 24 hours movements
0.27159998 Minimum price support level in case of RAISE trend based on 24 hours movements
0.3094 Channel maximum price resist level based in case of FALL trend on 24 hours movements
0.27159998 Channel minimum price resist level based in case of FALL trend on 24 hours movements

Algorand price levels prediction for next 7 days

Next 7 days brief prediction

Price of ALGO will be traded in CHANNEL near to $0.30299997 with $0.329 as upper border and $0.27199998 as bottom.

Historic price levels for next 7 days

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation
$0.3585447669029236 Weight: 11.152 18 Sep 2019
$0.35429438948631287 Weight: 26.187 12 Aug 2020
$0.3471316397190094 Weight: 12.768 26 Feb 2020
$0.3151078522205353 Weight: 11.301 05 Sep 2019
$0.3094587028026581 Weight: 11.047 06 Nov 2019
$0.3031260371208191 Weight: 25.503 06 Sep 2020
$0.3023530840873718 Weight: 10.73 08 Aug 2020
$0.2875736951828003 Weight: 12.972 17 Feb 2020
$0.2496248334646225 Weight: 42.476 02 Aug 2020
$0.24864418804645538 Weight: 14.582 24 Sep 2020

Volume profile price channel in 7 days range

Edge levels of the price channel based on volume profile report.
Price Description
0.329 Channel maximum price resist level based on 7 days movements
0.27199998 Channel minimum price resist level based on 7 days movements

Algorand price levels prediction for next 30 days

Next 30 days brief prediction

Price of ALGO will be traded in CHANNEL near to $0.365 with $0.5638 as upper border and $0.2818 as bottom.

Historic price levels for next 30 days

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation
$0.6997885704040527 Weight: 38.26 14 Aug 2020
$0.6308676600456238 Weight: 21.83 24 Aug 2020
$0.6291968822479248 Weight: 49.539 19 Jul 2019
$0.5212407112121582 Weight: 32.063 08 Aug 2019
$0.5103983283042908 Weight: 34.712 01 Aug 2019
$0.5032185316085815 Weight: 20.581 22 Aug 2019
$0.49634605646133423 Weight: 28.472 24 Feb 2020
$0.35429438948631287 Weight: 26.187 12 Aug 2020
$0.3031260371208191 Weight: 25.503 06 Sep 2020
$0.2496248334646225 Weight: 42.476 02 Aug 2020

Volume profile price channel in 30 days range

Edge levels of the price channel based on volume profile report.
Price Description
0.5638 Channel maximum price resist level based on 30 days movements
0.2818 Channel minimum price resist level based on 30 days movements
Highly correlated currencies
Coin Correlation Links
First tier
0.8901107 details, prediction
0.8852554 details, prediction
0.8848874 details, prediction
0.8562511 details, prediction
0.8206125 details, prediction
Second tier
0.9230892 details, prediction
0.92177737 details, prediction
0.91976506 details, prediction
0.9044106 details, prediction
0.8907557 details, prediction
Third tier
0.95523846 details, prediction
0.9519349 details, prediction
0.9401739 details, prediction
0.9290753 details, prediction
0.92345685 details, prediction


This report should be leaned to get most info about heading trends. It means that Algorand price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.

It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies - Bitcoin, Ethereum and Ripple, so the prediction of their prices will affect the price of Algorand
Low correlated currencies
Coin Correlation Links
First tier
-0.33314335 details, prediction
-0.1762799 details, prediction
-0.053472143 details, prediction
0.023677008 details, prediction
0.053221293 details, prediction
Second tier
-0.6038963 details, prediction
-0.55621344 details, prediction
-0.5484257 details, prediction
-0.35701388 details, prediction
-0.2363246 details, prediction
Third tier
-0.72293687 details, prediction
-0.67422736 details, prediction
-0.65784305 details, prediction
-0.6193527 details, prediction
-0.61539525 details, prediction


This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)