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 is now on EDGE at $0.12. So the next scenario is able. If price will go up it will spend next in CHANNEL near to $0.1245 with $0.1276 as upper border and $0.12 as bottom. If price will go down, it will FALL with support level $0.12Historic 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 |
|---|---|---|
| $0.11086761206388474 | Weight: 16.416 | 13 Mar 2020 |
Volume profile price channel in 24 hours range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 0.12 | Edge price dividing trends based on 24 hours movements |
| 0.1276 | Channel maximum price resist level based in case of RAISE trend on 24 hours movements |
| 0.12 | Channel minimum price resist level based in case of RAISE trend on 24 hours movements |
| 0.12 | Minimum price support level in case of FALL trend 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 $0.1214 with $0.1301 as upper border and $0.107099995 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 |
|---|---|---|
| $0.11086761206388474 | Weight: 16.416 | 13 Mar 2020 |
Volume profile price channel in 7 days range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 0.1301 | Channel maximum price resist level based on 7 days movements |
| 0.107099995 | 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 $0.1146 with $0.127 as upper border and $0.0901 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 |
|---|---|---|
| $0.2038627713918686 | Weight: 7.107 | 04 Jul 2020 |
| $0.16847042739391327 | Weight: 46.909 | 26 Sep 2019 |
| $0.11086761206388474 | Weight: 16.416 | 13 Mar 2020 |
Volume profile price channel in 30 days range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 0.127 | Channel maximum price resist level based on 30 days movements |
| 0.0901 | Channel minimum price resist level based on 30 days movements |
Highly correlated currencies
| Coin | Correlation | Links |
|---|---|---|
| First tier | ||
ZCash
ZEC
|
0.72029686 | details, prediction |
Bitcoin
BTC
|
0.57070804 | details, prediction |
Ethereum
ETH
|
0.53249127 | details, prediction |
TRON
TRX
|
0.5017797 | details, prediction |
ChainLink
LINK
|
0.43072292 | details, prediction |
| Second tier | ||
Bitcoin SV
BSV
|
0.8173694 | details, prediction |
0x
ZRX
|
0.47426614 | details, prediction |
DASH
DASH
|
0.43220395 | details, prediction |
Chiliz
CHZ
|
0.2973381 | details, prediction |
Theta
THETA
|
0.28562772 | details, prediction |
| Third tier | ||
Metal
MTL
|
0.68862134 | details, prediction |
Loopring
LRC
|
0.6492319 | details, prediction |
Ontology
ONT
|
0.5736214 | details, prediction |
Enjin Coin
ENJ
|
0.514614 | details, prediction |
HEROcoin
PLAY
|
0.508634 | 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 | ||
Bitcoin Cash
BCH
|
-0.36554402 | details, prediction |
Cardano
ADA
|
-0.21197784 | details, prediction |
Crypto.com Chain
CRO
|
-0.18539438 | details, prediction |
Stellar
XLM
|
-0.11771222 | details, prediction |
XRP
XRP
|
-0.03109856 | details, prediction |
| Second tier | ||
Verge
XVG
|
-0.5018154 | details, prediction |
Decred
DCR
|
-0.448047 | details, prediction |
Dai
DAI
|
-0.3425089 | details, prediction |
Theta Fuel
TFUEL
|
-0.2998266 | details, prediction |
Ardor
ARDR
|
-0.292705 | details, prediction |
| Third tier | ||
Dent
DENT
|
-0.48539537 | details, prediction |
BABB
BAX
|
-0.44594955 | details, prediction |
Wanchain
WAN
|
-0.43590274 | details, prediction |
Dero
DERO
|
-0.4145953 | details, prediction |
NEM
XEM
|
-0.40572685 | 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)