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
Read more detailed info about this tool
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 $0.090959996Historic 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 |
|---|
Volume profile price channel in 24 hours range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 0.090959996 | 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 will be traded in CHANNEL near to $0.08928 with $0.094050005 as upper border and $0.07731 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 |
|---|
Volume profile price channel in 7 days range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 0.094050005 | Channel maximum price resist level based on 7 days movements |
| 0.07731 | 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 $0.0887 with $0.093499996 as upper border and $0.077099994 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 |
|---|---|---|
| $0.11086761206388474 | Weight: 16.289 | 13 Mar 2020 |
Volume profile price channel in 30 days range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 0.093499996 | Channel maximum price resist level based on 30 days movements |
| 0.077099994 | Channel minimum price resist level based on 30 days movements |
Highly correlated currencies
| Coin | Correlation | Links |
|---|---|---|
| First tier | ||
Dogecoin
DOGE
|
0.8803765 | details, prediction |
Ethereum Classic
ETC
|
0.86252415 | details, prediction |
Bitcoin Cash
BCH
|
0.7888954 | details, prediction |
KuCoin Shares
KCS
|
0.7791843 | details, prediction |
Cardano
ADA
|
0.7136419 | details, prediction |
| Second tier | ||
IOTA
IOT
|
0.93898016 | details, prediction |
Verge
XVG
|
0.9302621 | details, prediction |
NEO
NEO
|
0.92499876 | details, prediction |
iEx.ec
RLC
|
0.91776115 | details, prediction |
Theta Fuel
TFUEL
|
0.90270734 | details, prediction |
| Third tier | ||
ARK
ARK
|
0.92109734 | details, prediction |
Kyber Network
KNC
|
0.90543705 | details, prediction |
Civic
CVC
|
0.9053847 | details, prediction |
IoTeX
IOTX
|
0.8951006 | details, prediction |
Steem
STEEM
|
0.89419717 | 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 | ||
Monero
XMR
|
0.033641487 | details, prediction |
ChainLink
LINK
|
0.15538727 | details, prediction |
Ethereum
ETH
|
0.17760535 | details, prediction |
ZCash
ZEC
|
0.26540554 | details, prediction |
Stellar
XLM
|
0.38693792 | details, prediction |
| Second tier | ||
Dai
DAI
|
-0.80221045 | details, prediction |
USD//Coin
USDC
|
-0.3876318 | details, prediction |
True USD
TUSD
|
-0.32147786 | details, prediction |
DigiByte
DGB
|
-0.14181417 | details, prediction |
Bitcoin SV
BSV
|
0.06292186 | details, prediction |
| Third tier | ||
Propy
PRO
|
-0.3734277 | details, prediction |
V Systems
VSYS
|
-0.2961381 | details, prediction |
NKN
NKN
|
-0.22641936 | details, prediction |
Phantasma
SOUL
|
-0.11024059 | details, prediction |
Matrix AI Network
MAN
|
0.06184288 | 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)