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 is now on EDGE at $1.069. So the next scenario is able. If price will go up, it will RAISE with support level $1.069 If price will go down it will spend next in CHANNEL near to $1.034 with $1.069 as upper border and $0.968 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
$1.0787655115127563 Weight: 14.172 09 Feb 2021
$1.0652124881744385 Weight: 22.683 14 Jul 2019
$1.0596789121627808 Weight: 12.674 26 Apr 2021
$1.0574690103530884 Weight: 21.24 26 May 2021
$1.0184924602508545 Weight: 20.729 13 Mar 2021
$0.9901034235954285 Weight: 25.489 25 Mar 2021
$0.9832693338394165 Weight: 12.449 24 May 2021
$0.9696836471557617 Weight: 16.91 22 Feb 2021
$0.9578865170478821 Weight: 51.327 23 Apr 2021
$0.9219364523887634 Weight: 51.706 10 Feb 2021

Volume profile price channel in 24 hours range

Edge levels of the price channel based on volume profile report.
Price Description
1.069 Edge price dividing trends based on 24 hours movements
0.968 Minimum price support level in case of RAISE trend based on 24 hours movements
1.069 Channel maximum price resist level based in case of FALL trend on 24 hours movements
0.968 Channel minimum price resist level based in case of FALL trend on 24 hours movements

Algorand price levels prediction for next 7 days

Next 7 days brief prediction

Price of ALGO is now on EDGE at $1.065. So the next scenario is able. If price will go up, it will RAISE with support level $1.065 If price will go down it will spend next in CHANNEL near to $1.005 with $1.065 as upper border and $0.88699996 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
$1.379431962966919 Weight: 27.998 18 Mar 2021
$1.279665231704712 Weight: 31.241 18 Apr 2021
$1.2251824140548706 Weight: 32.382 15 Feb 2021
$1.1962974071502686 Weight: 28.382 12 Feb 2021
$0.9578865170478821 Weight: 51.327 23 Apr 2021
$0.9219364523887634 Weight: 51.706 10 Feb 2021
$0.8461346626281738 Weight: 59.728 23 Feb 2021
$0.8086022734642029 Weight: 32.833 19 May 2021
$0.6997885704040527 Weight: 33.497 14 Aug 2020
$0.6869301795959473 Weight: 49 23 May 2021

Volume profile price channel in 7 days range

Edge levels of the price channel based on volume profile report.
Price Description
1.065 Edge price dividing trends based on 7 days movements
0.88699996 Minimum price support level in case of RAISE trend based on 7 days movements
1.065 Channel maximum price resist level based in case of FALL trend on 7 days movements
0.88699996 Channel minimum price resist level based in case of FALL trend 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 $1.023 with $1.237 as upper border and $0.7379999 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
$1.279665231704712 Weight: 31.241 18 Apr 2021
$1.2251824140548706 Weight: 32.382 15 Feb 2021
$1.1962974071502686 Weight: 28.382 12 Feb 2021
$0.9578865170478821 Weight: 51.327 23 Apr 2021
$0.9219364523887634 Weight: 51.706 10 Feb 2021
$0.8461346626281738 Weight: 59.728 23 Feb 2021
$0.8086022734642029 Weight: 32.833 19 May 2021
$0.6997885704040527 Weight: 33.497 14 Aug 2020
$0.6869301795959473 Weight: 49 23 May 2021
$0.6291968822479248 Weight: 33.3 19 Jul 2019

Volume profile price channel in 30 days range

Edge levels of the price channel based on volume profile report.
Price Description
1.237 Channel maximum price resist level based on 30 days movements
0.7379999 Channel minimum price resist level based on 30 days movements
Highly correlated currencies
Coin Correlation Links
First tier
0.93210596 details, prediction
0.92914736 details, prediction
0.9144019 details, prediction
0.9122279 details, prediction
0.8816022 details, prediction
Second tier
0.9315618 details, prediction
0.9308961 details, prediction
0.9225423 details, prediction
0.9103435 details, prediction
0.9072596 details, prediction
Third tier
0.92417157 details, prediction
0.9175355 details, prediction
0.91469693 details, prediction
0.9079938 details, prediction
0.8955722 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
-0.43887544 details, prediction
-0.12990476 details, prediction
0.03360012 details, prediction
0.06231086 details, prediction
0.098767385 details, prediction
Second tier
-0.0969229 details, prediction
-0.09294411 details, prediction
0.028050708 details, prediction
0.03791246 details, prediction
0.0466678 details, prediction
Third tier
-0.5495394 details, prediction
-0.41596568 details, prediction
-0.40271774 details, prediction
-0.34459314 details, prediction
-0.29409078 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)