March 8, 2025 ALGO – Algorand Daily Analysis ALGO – Algorand Daily Analysis
ALGO – Algorand Daily Analysis
Outlook
ALGO current price is 0.2324 USDT and the current market cap is 16.239.248 USDT. This chart period started 210 days ago (11 August 2024) with a total of 111 days closing above the opening price and 97 days closing below the opening price. The lowest price was 0.1057 USDT on 03 November 2024, and the highest price was 0.6139 USDT on 03 December 2024. The current price is 119.87% above the lowest price and 62.14% below the highest price.
Moving Average
Moving Averages (Closing Prices):5-Day Moving Average: 0.2388822-Day Moving Average: 0.252563636450-Day Moving Average: 0.304566100-Day Moving Average: 0.354714250-Day Moving Average: 0.2262876500-Day Moving Average: 0.206588
Moving Average Analysis
The current price is %2.71 lower than the 5-Day moving average and has been below it for 2 days.The current price is %7.98 lower than the 22-Day moving average and has been below it for 6 days.The current price is %23.69 lower than the 50-Day moving average and has been below it for 33 days.The current price is %34.48 lower than the 100-Day moving average and has been below it for 36 days.The current price is %2.70 higher than the 250-Day moving average and has been above it for 107 days.The current price is %12.49 higher than the 500-Day moving average and has been above it for 111 days.
Trends
The longest uptrend in the 210 day period is 9 days. It started at 0.1155 USDT on 15 August 2024 and ended by increasing by 26.84% to 0.1465 USDT on 24 August 2024.The longest downtrend is 5 days. It started at 0.1465 USDT on 24 August 2024 and ended by decreasing -13.52% to 0.1267 USDT on 29 August 2024.
Support & Resistance
This review was made for the last 7 daysLast 7 days support levels: Support: 0.2355 USDT on 03-03-2025 Support: 0.2163 USDT on 04-03-2025 Support: 0.2261 USDT on 07-03-2025Last 7 days resistance levels: Resistance: 0.2547 USDT on 05-03-2025 Resistance: 0.2602 USDT on 06-03-2025The lowest support level is 0.2163 USDT on 04-03-2025, and the highest resistance level is 0.2602 USDT on 06-03-2025. The percentage difference between these levels is approximately 20.3%.
Volume
The previous trading day’s volume (07-03-2025) 82,417,036.00 USDT. Highest volume in the last 210 days is 735,360,257.00 USDT on 29-11-2024. Lowest volume in the last 210 days is 4,126,824.00 USDT on 08-03-2025. Difference between highest and lowest volume is 17719.04%.
Volume Moving Averages
( Excluding Today)
5-day Moving Average Volume: 110,485,954.20 USDT22-day Moving Average Volume: 82,495,059.64 USDT50-day Moving Average Volume: 100,715,791.96 USDT100-day Moving Average Volume: 145,004,292.89 USDT250-day Moving Average Volume: 94,485,322.77 USDT
Volume Moving Averages Comparison
Volume of the previous trading day: 82,417,036.00 USDT
Previous day’s volume is 25.40% lower than the 5-day moving average.Previous day’s volume is 0.09% lower than the 22-day moving average.Previous day’s volume is 18.17% lower than the 50-day moving average.Previous day’s volume is 43.16% lower than the 100-day moving average.Previous day’s volume is 12.77% lower than the 250-day moving average.
Percentage Differences Between Moving Averages:
5-day moving average is 33.93% higher than the 22-day moving average.22-day moving average is -18.09% lower than the 50-day moving average.50-day moving average is -30.54% lower than the 100-day moving average.100-day moving average is 53.47% higher than the 250-day moving average.
Volume Trend
The longest consecutive volume increase started on 21-09-2024 with a volume of 18,969,755.00 USDT and ended on 25-09-2024 with a volume of 36,351,028.00 USDT, lasting for 4 days and representing a 91.63% increase.The longest consecutive volume decrease started on 25-09-2024 with a volume of 36,351,028.00 USDT and ended on 29-09-2024 with a volume of 23,726,123.00 USDT, lasting for 4 days and representing a 34.73% decrease.
Price Volume Coorelation
During the longest volume increasing period price increase from 0.1364 USDT to 0.1373 USDT, which represents a 0.66% change.During the longest volume decreasing period price increase from 0.1373 USDT to 0.1411 USDT, which represents a 2.77% change.
Strategy
Under sales pressure, we should observe where the decline will end and then reassess. Currently, we do not recommend opening a ‘long’ position.
Legal Disclaimer: This Chart and The Accompanying Analyses Are Not Investment Advice.
