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 will be traded in CHANNEL near to $1.0830001 with $1.115 as upper border and $1.033 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
$1.2042450904846191 Weight: 27.294 17 Feb 2021
$1.1962974071502686 Weight: 36.62 12 Feb 2021
$1.189147710800171 Weight: 21.477 27 Feb 2021
$1.1828595399856567 Weight: 19.417 23 Feb 2021
$1.175361156463623 Weight: 26.742 24 Feb 2021
$1.1319024562835693 Weight: 18.244 05 Jul 2019
$1.0787655115127563 Weight: 18.285 09 Feb 2021
$1.0652124881744385 Weight: 29.267 14 Jul 2019
$1.051635980606079 Weight: 15.997 02 Jul 2019
$1.0144404172897339 Weight: 17.166 05 Mar 2021

Volume profile price channel in 24 hours range

Edge levels of the price channel based on volume profile report.
Price Description
1.115 Channel maximum price resist level based on 24 hours movements
1.033 Channel minimum price resist level based 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 $1.0964 with $1.1524 as upper border and $0.97479993 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
$1.8110499382019043 Weight: 93.865 12 Feb 2021
$1.7529481649398804 Weight: 27.975 13 Feb 2021
$1.4905486106872559 Weight: 33.657 20 Feb 2021
$1.3815852403640747 Weight: 28.854 13 Feb 2021
$1.2251824140548706 Weight: 41.782 15 Feb 2021
$1.1962974071502686 Weight: 36.62 12 Feb 2021
$1.0652124881744385 Weight: 29.267 14 Jul 2019
$0.9219364523887634 Weight: 66.714 10 Feb 2021
$0.8776298761367798 Weight: 34.39 11 Aug 2019
$0.8461346626281738 Weight: 54.703 23 Feb 2021

Volume profile price channel in 7 days range

Edge levels of the price channel based on volume profile report.
Price Description
1.1524 Channel maximum price resist level based on 7 days movements
0.97479993 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 $1.599 with $1.813 as upper border and $1.0009999 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
$1.8110499382019043 Weight: 93.865 12 Feb 2021
$1.7529481649398804 Weight: 27.975 13 Feb 2021
$1.4905486106872559 Weight: 33.657 20 Feb 2021
$1.3815852403640747 Weight: 28.854 13 Feb 2021
$1.2251824140548706 Weight: 41.782 15 Feb 2021
$1.1962974071502686 Weight: 36.62 12 Feb 2021
$1.0652124881744385 Weight: 29.267 14 Jul 2019
$0.9219364523887634 Weight: 66.714 10 Feb 2021
$0.8776298761367798 Weight: 34.39 11 Aug 2019
$0.8461346626281738 Weight: 54.703 23 Feb 2021

Volume profile price channel in 30 days range

Edge levels of the price channel based on volume profile report.
Price Description
1.813 Channel maximum price resist level based on 30 days movements
1.0009999 Channel minimum price resist level based on 30 days movements
Highly correlated currencies
Coin Correlation Links
First tier
0.97540104 details, prediction
0.97030514 details, prediction
0.9627353 details, prediction
0.959778 details, prediction
0.95389855 details, prediction
Second tier
0.9810803 details, prediction
0.9752104 details, prediction
0.972567 details, prediction
0.9718853 details, prediction
0.96973544 details, prediction
Third tier
0.97870004 details, prediction
0.9775354 details, prediction
0.9760514 details, prediction
0.9722292 details, prediction
0.96982354 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
0.24850729 details, prediction
0.6232364 details, prediction
0.66867596 details, prediction
0.6816861 details, prediction
0.70632064 details, prediction
Second tier
-0.5153333 details, prediction
-0.41848445 details, prediction
-0.18007752 details, prediction
-0.052344523 details, prediction
-0.022529086 details, prediction
Third tier
-0.8767476 details, prediction
-0.7162586 details, prediction
-0.6558492 details, prediction
-0.65394753 details, prediction
-0.65069056 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)