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 7 days

Next 7 days brief prediction

Price of ALGO has broken last trend and will FALL from the support level $0.243

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
$0.2496248334646225 Weight: 19.663 02 Aug 2020
$0.24864418804645538 Weight: 7.705 24 Sep 2020

Volume profile price channel in 7 days range

Edge levels of the price channel based on volume profile report.
Price Description
0.243 Maximum price support level based on 7 days movements

Algorand price levels prediction for next 30 days

Next 30 days brief prediction

Price of ALGO has broken last trend and will FALL from the support level $0.35160002

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
$0.7071138024330139 Weight: 22.285 18 Oct 2022
$0.6997885704040527 Weight: 23.07 14 Aug 2020
$0.688666582107544 Weight: 21.693 16 Oct 2022
$0.6869301795959473 Weight: 35.518 23 May 2021
$0.6774520874023438 Weight: 77.568 20 Jul 2021
$0.24287083745002747 Weight: 21.673 23 Oct 2022
$0.23644961416721344 Weight: 22.248 23 Oct 2022
$0.21353116631507874 Weight: 22.382 17 Oct 2022
$0.20737427473068237 Weight: 95.613 14 Jan 2021
$0.16847042739391327 Weight: 46.82 26 Sep 2019

Volume profile price channel in 30 days range

Edge levels of the price channel based on volume profile report.
Price Description
0.35160002 Maximum price support level based on 30 days movements
Highly correlated currencies
Coin Correlation Links
Third tier
0.8584993 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
Third tier
0.8584993 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)