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 has broken last trend and will RAISE from the support level $0.36960003Historic 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 |
|---|---|---|
| $0.36721834540367126 | Weight: 7.248 | 08 Mar 2020 |
| $0.362739622592926 | Weight: 7.059 | 27 May 2022 |
| $0.3585447669029236 | Weight: 5.121 | 18 Sep 2019 |
| $0.35429438948631287 | Weight: 12.025 | 12 Aug 2020 |
| $0.3471316397190094 | Weight: 5.863 | 26 Feb 2020 |
Volume profile price channel in 24 hours range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 0.36960003 | Minimal price support level based on 24 hours movements |
Algorand price levels prediction for next 7 days
Next 7 days brief prediction
Price of ALGO has broken last trend and will RAISE from the support level $0.36670002Historic 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 |
|---|---|---|
| $0.3848453462123871 | Weight: 8.877 | 29 Nov 2019 |
| $0.38011571764945984 | Weight: 18.478 | 12 May 2022 |
| $0.36721834540367126 | Weight: 7.248 | 08 Mar 2020 |
| $0.362739622592926 | Weight: 7.059 | 27 May 2022 |
| $0.3585447669029236 | Weight: 5.121 | 18 Sep 2019 |
| $0.35429438948631287 | Weight: 12.025 | 12 Aug 2020 |
| $0.3471316397190094 | Weight: 5.863 | 26 Feb 2020 |
| $0.3151078522205353 | Weight: 5.19 | 05 Sep 2019 |
| $0.3094587028026581 | Weight: 5.073 | 06 Nov 2019 |
| $0.3031260371208191 | Weight: 14.65 | 06 Sep 2020 |
Volume profile price channel in 7 days range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 0.36670002 | Minimal 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 RAISE from the support level $0.3635Historic 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: 22.883 | 14 Aug 2020 |
| $0.6869301795959473 | Weight: 35.232 | 23 May 2021 |
| $0.6774520874023438 | Weight: 76.942 | 20 Jul 2021 |
| $0.6089755296707153 | Weight: 13.571 | 18 Jan 2021 |
| $0.5509293675422668 | Weight: 13.349 | 01 May 2022 |
| $0.5316426157951355 | Weight: 14.446 | 06 Jan 2021 |
| $0.5212407112121582 | Weight: 14.723 | 08 Aug 2019 |
| $0.5103983283042908 | Weight: 15.94 | 01 Aug 2019 |
| $0.38011571764945984 | Weight: 18.478 | 12 May 2022 |
| $0.3031260371208191 | Weight: 14.65 | 06 Sep 2020 |
Volume profile price channel in 30 days range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 0.3635 | Minimal price support level based on 30 days movements |
Highly correlated currencies
| Coin | Correlation | Links |
|---|---|---|
| First tier | ||
XRP
XRP
|
0.969858 | details, prediction |
Dogecoin
DOGE
|
0.9685464 | details, prediction |
Litecoin
LTC
|
0.96160686 | details, prediction |
Vechain
VET
|
0.95910984 | details, prediction |
EOS
EOS
|
0.94723713 | details, prediction |
| Second tier | ||
Horizen
ZEN
|
0.96970505 | details, prediction |
HoloToken
HOT
|
0.96722245 | details, prediction |
ICON
ICX
|
0.9661718 | details, prediction |
Verge
XVG
|
0.95781904 | details, prediction |
DASH
DASH
|
0.9567145 | details, prediction |
| Third tier | ||
Dero
DERO
|
0.9726373 | details, prediction |
CashBet
CBC
|
0.95089495 | details, prediction |
BABB
BAX
|
0.95021474 | details, prediction |
Quantstamp
QSP
|
0.9473333 | details, prediction |
Matrix AI Network
MAN
|
0.94685876 | 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 | ||
UNUS SED LEO
LEO
|
0.007017308 | details, prediction |
Ethereum Classic
ETC
|
0.42513463 | details, prediction |
TRON
TRX
|
0.42670923 | details, prediction |
Bitcoin SV
BSV
|
0.69746 | details, prediction |
Matic Network
MATIC
|
0.7176727 | details, prediction |
| Second tier | ||
Paxos Standard
PAX
|
-0.34098864 | details, prediction |
EthLend
LEND
|
-0.27792338 | details, prediction |
True USD
TUSD
|
-0.012867679 | details, prediction |
USD//Coin
USDC
|
0.2584548 | details, prediction |
Dai
DAI
|
0.29322606 | details, prediction |
| Third tier | ||
Time New Bank
TNB
|
-0.79607964 | details, prediction |
Gemini Dollar
GUSD
|
-0.77724355 | details, prediction |
Seele
SEELE
|
-0.70338935 | details, prediction |
OKCash
OK
|
-0.5461707 | details, prediction |
Tidex Token
TDX
|
-0.533066 | 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)