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 $1.8520001 with $1.8820001 as upper border and $1.8080001 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
$1.9056309461593628 Weight: 32.946 12 Sep 2021
$1.8975999355316162 Weight: 29.961 09 Sep 2021
$1.868438959121704 Weight: 24.504 16 Sep 2021
$1.867834210395813 Weight: 23.943 08 Sep 2021
$1.8622767925262451 Weight: 14.142 14 Oct 2021
$1.8428112268447876 Weight: 42.711 11 Sep 2021
$1.8413559198379517 Weight: 19.022 27 Sep 2021
$1.8402403593063354 Weight: 18.107 10 Sep 2021
$1.8110499382019043 Weight: 97.271 12 Feb 2021
$1.804471731185913 Weight: 14.302 21 Sep 2021

Volume profile price channel in 24 hours range

Edge levels of the price channel based on volume profile report.
Price Description
1.8820001 Channel maximum price resist level based on 24 hours movements
1.8080001 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 $1.781 with $1.8820001 as upper border and $1.648 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
$2.0837607383728027 Weight: 30.187 04 Oct 2021
$2.0312063694000244 Weight: 32.206 23 Sep 2021
$2.0094943046569824 Weight: 32.266 13 Sep 2021
$1.9056309461593628 Weight: 32.946 12 Sep 2021
$1.8975999355316162 Weight: 29.961 09 Sep 2021
$1.8428112268447876 Weight: 42.711 11 Sep 2021
$1.8110499382019043 Weight: 97.271 12 Feb 2021
$1.7971539497375488 Weight: 68.736 17 Apr 2021
$1.6827282905578613 Weight: 52.355 07 May 2021
$1.5542324781417847 Weight: 31.214 26 Sep 2021

Volume profile price channel in 7 days range

Edge levels of the price channel based on volume profile report.
Price Description
1.8820001 Channel maximum price resist level based on 7 days movements
1.648 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 $1.9415998 with $2.4927998 as upper border and $1.6392 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
$2.525352716445923 Weight: 80.013 13 Sep 2021
$2.440647602081299 Weight: 55.503 09 Sep 2021
$2.0312063694000244 Weight: 32.206 23 Sep 2021
$2.0094943046569824 Weight: 32.266 13 Sep 2021
$1.9056309461593628 Weight: 32.946 12 Sep 2021
$1.8428112268447876 Weight: 42.711 11 Sep 2021
$1.8110499382019043 Weight: 97.271 12 Feb 2021
$1.7971539497375488 Weight: 68.736 17 Apr 2021
$1.6827282905578613 Weight: 52.355 07 May 2021
$1.5300989151000977 Weight: 58.108 21 Sep 2021

Volume profile price channel in 30 days range

Edge levels of the price channel based on volume profile report.
Price Description
2.4927998 Channel maximum price resist level based on 30 days movements
1.6392 Channel minimum price resist level based on 30 days movements
Highly correlated currencies
Coin Correlation Links
First tier
0.92529166 details, prediction
0.9041825 details, prediction
0.8824531 details, prediction
0.8661854 details, prediction
0.8592793 details, prediction
Second tier
0.95985246 details, prediction
0.9361546 details, prediction
0.92215794 details, prediction
0.90216756 details, prediction
0.88193667 details, prediction
Third tier
0.91936827 details, prediction
0.8583906 details, prediction
0.8561069 details, prediction
0.8478196 details, prediction
0.84380656 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
-0.39183372 details, prediction
-0.31362993 details, prediction
-0.30436784 details, prediction
-0.28352544 details, prediction
-0.21886605 details, prediction
Second tier
-0.73979026 details, prediction
-0.5955772 details, prediction
-0.5758249 details, prediction
-0.5598812 details, prediction
-0.50048274 details, prediction
Third tier
-0.8778757 details, prediction
-0.8459285 details, prediction
-0.8128532 details, prediction
-0.78813493 details, prediction
-0.7748181 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)