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 | ||
Cosmos
ATOM
|
0.92529166 | details, prediction |
Tezos
XTZ
|
0.9041825 | details, prediction |
ICON
ICX
|
0.8824531 | details, prediction |
Fantom
FTM
|
0.8661854 | details, prediction |
Crypto.com Chain
CRO
|
0.8592793 | details, prediction |
| Second tier | ||
XYO Network
XYO
|
0.95985246 | details, prediction |
Quant Network
QNT
|
0.9361546 | details, prediction |
Internet of Services
IOST
|
0.92215794 | details, prediction |
aelf
ELF
|
0.90216756 | details, prediction |
Polymath Network
POLY
|
0.88193667 | details, prediction |
| Third tier | ||
Phantasma
SOUL
|
0.91936827 | details, prediction |
Presearch
PRE
|
0.8583906 | details, prediction |
Propy
PRO
|
0.8561069 | details, prediction |
Dragonchain
DRGN
|
0.8478196 | details, prediction |
Etheroll
DICE
|
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 | ||
Maker
MKR
|
-0.39183372 | details, prediction |
Dogecoin
DOGE
|
-0.31362993 | details, prediction |
Decred
DCR
|
-0.30436784 | details, prediction |
Theta Fuel
TFUEL
|
-0.28352544 | details, prediction |
Nexo
NEXO
|
-0.21886605 | details, prediction |
| Second tier | ||
DxChain
DX
|
-0.73979026 | details, prediction |
Populous
PPT
|
-0.5955772 | details, prediction |
TomoChain
TOMO
|
-0.5758249 | details, prediction |
Hydro
HYDRO
|
-0.5598812 | details, prediction |
MaidSafe Coin
MAID
|
-0.50048274 | details, prediction |
| Third tier | ||
Alphacat
ACAT
|
-0.8778757 | details, prediction |
Sentinel
SENT
|
-0.8459285 | details, prediction |
Medicalchain
MTN
|
-0.8128532 | details, prediction |
Datum
DAT
|
-0.78813493 | details, prediction |
All Sports
SOC
|
-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)