March 17, 2025 ALGO – Algorand Daily Analysis ALGO – Algorand Daily Analysis
ALGO – Algorand Daily Analysis
Outlook
ALGO current price is 0.1881 USDT and the current market cap is 8.549.958 USDT. This chart period started 210 days ago (20 August 2024) with a total of 112 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 77.96% above the lowest price and 69.36% below the highest price.
Moving Average
Moving Averages (Closing Prices):5-Day Moving Average: 0.193722-Day Moving Average: 0.221836363650-Day Moving Average: 0.265266100-Day Moving Average: 0.328876250-Day Moving Average: 0.22829500-Day Moving Average: 0.2081196
Moving Average Analysis
The current price is %2.89 lower than the 5-Day moving average and has been below it for 2 days.The current price is %15.21 lower than the 22-Day moving average and has been below it for 9 days.The current price is %29.09 lower than the 50-Day moving average and has been below it for 15 days.The current price is %42.81 lower than the 100-Day moving average and has been below it for 44 days.The current price is %17.60 lower than the 250-Day moving average and has been below it for 10 days.The current price is %9.62 lower than the 500-Day moving average and has been below it for 9 days.
Trends
The longest uptrend in the 210 day period is 7 days. It started at 0.1094 USDT on 04 November 2024 and ended by increasing by 45.70% to 0.1594 USDT on 11 November 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: 0.1845 USDT on 16-03-2025Last 7 days resistance levels: Resistance: 0.2014 USDT on 12-03-2025 Resistance: 0.2017 USDT on 13-03-2025 Resistance: 0.2051 USDT on 14-03-2025The lowest support level is 0.1845 USDT on 16-03-2025, and the highest resistance level is 0.2051 USDT on 14-03-2025. The percentage difference between these levels is approximately 11.2%.
Volume
The previous trading day’s volume (16-03-2025) 49,218,621.00 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 8,469,203.00 USDT on 17-03-2025. Difference between highest and lowest volume is 8582.76%.
Volume Moving Averages
( Excluding Today)
5-day Moving Average Volume: 50,849,997.80 USDT22-day Moving Average Volume: 86,835,303.59 USDT50-day Moving Average Volume: 87,761,530.44 USDT100-day Moving Average Volume: 110,835,014.04 USDT250-day Moving Average Volume: 95,196,602.63 USDT
Volume Moving Averages Comparison
Volume of the previous trading day: 49,218,621.00 USDT
Previous day’s volume is 3.21% lower than the 5-day moving average.Previous day’s volume is 43.32% lower than the 22-day moving average.Previous day’s volume is 43.92% lower than the 50-day moving average.Previous day’s volume is 55.59% lower than the 100-day moving average.Previous day’s volume is 48.30% lower than the 250-day moving average.
Percentage Differences Between Moving Averages:
5-day moving average is -41.44% lower than the 22-day moving average.22-day moving average is -1.06% lower than the 50-day moving average.50-day moving average is -20.82% lower than the 100-day moving average.100-day moving average is 16.43% 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 10-03-2025 with a volume of 105,234,015.00 USDT and ended on 15-03-2025 with a volume of 28,618,263.00 USDT, lasting for 5 days and representing a 72.81% 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 0.1839 USDT to 0.1998 USDT, which represents a 8.65% change.
Strategy
There is no trend formation at the moment. We should wait until a trend forms.
Legal Disclaimer: This Chart and The Accompanying Analyses Are Not Investment Advice.
