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

Read more detailed info about this tool

Algorand price levels prediction for next 24 hours

Next 24 hours brief prediction

Price of ALGO will be traded in CHANNEL near to $0.2358 with $0.2414 as upper border and $0.2298 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
$0.2566920220851898 Weight: 9.323 09 Mar 2020
$0.2557842433452606 Weight: 9.572 05 Dec 2019
$0.2508586347103119 Weight: 6.714 19 Nov 2019
$0.2461637556552887 Weight: 7.587 27 Nov 2019
$0.2406127154827118 Weight: 6.918 23 Nov 2019
$0.2384917438030243 Weight: 7.567 27 Nov 2019
$0.23520468175411224 Weight: 7.42 26 Nov 2019
$0.22911062836647034 Weight: 9.008 27 Nov 2019

Volume profile price channel in 24 hours range

Edge levels of the price channel based on volume profile report.
Price Description
0.2414 Channel maximum price resist level based on 24 hours movements
0.2298 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 $0.2268 with $0.2444 as upper border and $0.1912 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
$0.2566920220851898 Weight: 9.323 09 Mar 2020
$0.2557842433452606 Weight: 9.572 05 Dec 2019
$0.22911062836647034 Weight: 9.008 27 Nov 2019
$0.22712504863739014 Weight: 12.435 15 Mar 2020
$0.21633632481098175 Weight: 12.625 18 Dec 2019
$0.21584847569465637 Weight: 9.056 13 Mar 2020
$0.21368834376335144 Weight: 9.7 13 Mar 2020
$0.21128681302070618 Weight: 17.802 25 Nov 2019
$0.20897528529167175 Weight: 25.438 29 Jan 2020
$0.19716766476631165 Weight: 10.591 23 Oct 2019

Volume profile price channel in 7 days range

Edge levels of the price channel based on volume profile report.
Price Description
0.2444 Channel maximum price resist level based on 7 days movements
0.1912 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 is now on EDGE at $0.23519999. So the next scenario is able. If price will go up, it will RAISE with support level $0.23519999 If price will go down it will spend next in CHANNEL near to $0.19839999 with $0.23519999 as upper border and $0.1532 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
$0.39510267972946167 Weight: 14.134 12 Feb 2020
$0.3848453462123871 Weight: 21.65 29 Nov 2019
$0.36721834540367126 Weight: 17.679 08 Mar 2020
$0.3471316397190094 Weight: 14.299 26 Feb 2020
$0.3151078522205353 Weight: 12.657 05 Sep 2019
$0.2875736951828003 Weight: 14.528 17 Feb 2020
$0.21128681302070618 Weight: 17.802 25 Nov 2019
$0.20897528529167175 Weight: 25.438 29 Jan 2020
$0.16847042739391327 Weight: 100 26 Sep 2019
$0.11086761206388474 Weight: 37.112 13 Mar 2020

Volume profile price channel in 30 days range

Edge levels of the price channel based on volume profile report.
Price Description
0.23519999 Edge price dividing trends based on 30 days movements
0.1532 Minimum price support level in case of RAISE trend based on 30 days movements
0.23519999 Channel maximum price resist level based in case of FALL trend on 30 days movements
0.1532 Channel minimum price resist level based in case of FALL trend on 30 days movements
Highly correlated currencies
Coin Correlation Links
First tier
0.9704992 details, prediction
0.9680017 details, prediction
0.9505063 details, prediction
0.8995448 details, prediction
0.88941807 details, prediction
Second tier
0.98741215 details, prediction
0.97881925 details, prediction
0.97714865 details, prediction
0.97125 details, prediction
0.97087604 details, prediction
Third tier
0.9801995 details, prediction
0.9785199 details, prediction
0.9778785 details, prediction
0.9770958 details, prediction
0.9763128 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
0.43445325 details, prediction
0.5826463 details, prediction
0.584412 details, prediction
0.6620742 details, prediction
0.73194206 details, prediction
Second tier
-0.4399821 details, prediction
-0.0956382 details, prediction
-0.08011418 details, prediction
-0.01208957 details, prediction
0.038506903 details, prediction
Third tier
-0.43695498 details, prediction
-0.4340534 details, prediction
-0.43133387 details, prediction
-0.4226618 details, prediction
-0.42074308 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)