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 7 days
Next 7 days brief prediction
Price of ALGO has broken last trend and will FALL from the support level $0.243Historic 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 |
|---|---|---|
| $0.2496248334646225 | Weight: 19.663 | 02 Aug 2020 |
| $0.24864418804645538 | Weight: 7.705 | 24 Sep 2020 |
Volume profile price channel in 7 days range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 0.243 | Maximum 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 FALL from the support level $0.35160002Historic 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 |
|---|---|---|
| $0.7071138024330139 | Weight: 22.285 | 18 Oct 2022 |
| $0.6997885704040527 | Weight: 23.07 | 14 Aug 2020 |
| $0.688666582107544 | Weight: 21.693 | 16 Oct 2022 |
| $0.6869301795959473 | Weight: 35.518 | 23 May 2021 |
| $0.6774520874023438 | Weight: 77.568 | 20 Jul 2021 |
| $0.24287083745002747 | Weight: 21.673 | 23 Oct 2022 |
| $0.23644961416721344 | Weight: 22.248 | 23 Oct 2022 |
| $0.21353116631507874 | Weight: 22.382 | 17 Oct 2022 |
| $0.20737427473068237 | Weight: 95.613 | 14 Jan 2021 |
| $0.16847042739391327 | Weight: 46.82 | 26 Sep 2019 |
Volume profile price channel in 30 days range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 0.35160002 | Maximum price support level based on 30 days movements |
Highly correlated currencies
| Coin | Correlation | Links |
|---|---|---|
| Third tier | ||
Kambria
KAT
|
0.8584993 | 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 |
|---|---|---|
| Third tier | ||
|
Kambria
KAT
|
0.8584993 | 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)