December 30, 2024 ALGO – Algorand Daily Chart Analysis
Outlook
ALGO current price is 0.3318 USDT and the current market cap is 18.932.510 USDT. This chart period started 210 days ago (04 June 2024) with a total of 107 days closing above the opening price and 101 days closing below the opening price. The lowest price was 0.0938 USDT on 05 August 2024, and the highest price was 0.6139 USDT on 03 December 2024. The current price is 253.73% above the lowest price and 45.95% below the highest price.
Moving Average
Moving Averages (Closing Prices):
5-Day Moving Average: 0.34
22-Day Moving Average: 0.38
50-Day Moving Average: 0.35
100-Day Moving Average: 0.23
250-Day Moving Average: 0.18
500-Day Moving Average: 0.18
Moving Average Analysis
The current price is %1.36 lower than the 5-Day moving average and has been below it for 2 days.
The current price is %13.06 lower than the 22-Day moving average and has been below it for 6 days.
The current price is %3.85 lower than the 50-Day moving average and has been below it for 2 days.
The current price is %41.20 higher than the 100-Day moving average and has been above it for 39 days.
The current price is %80.10 higher than the 250-Day moving average and has been above it for 43 days.
The current price is %89.40 higher than the 500-Day moving average and has been above it for 46 days.
Trends
The longest uptrend in the 210 day period is 9 days. It started at 0.12 USDT on 15 August 2024 and ended by increasing by 26.84% to 0.15 USDT on 24 August 2024.
The longest downtrend is 9 days. It started at 0.14 USDT on 27 July 2024 and ended by decreasing -22.90% to 0.11 USDT on 05 August 2024.
Support & Resistance
This review was made for the last 7 days
Last 7 days support levels:
Support: 0.34 USDT on 26-12-2024
Support: 0.33 USDT on 27-12-2024
Support: 0.33 USDT on 28-12-2024
Support: 0.32 USDT on 29-12-2024
Last 7 days resistance levels:
No resistances found.
No support or resistance levels found.
Volume
The previous trading day’s volume (29-12-2024) 54,635,595.00 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 14,834,013.00 USDT on 10-08-2024. Difference between highest and lowest volume is 4857.26%.
Volume Moving Averages
( Excluding Today)
5-day Moving Average Volume: 66,641,716.20 USDT
22-day Moving Average Volume: 143,268,179.59 USDT
50-day Moving Average Volume: 237,158,357.44 USDT
100-day Moving Average Volume: 138,126,825.76 USDT
250-day Moving Average Volume: 79,148,596.09 USDT
Volume Moving Averages Comparison
Volume of the previous trading day: 54,635,595.00 USDT
Previous day’s volume is 18.02% lower than the 5-day moving average.
Previous day’s volume is 61.86% lower than the 22-day moving average.
Previous day’s volume is 76.96% lower than the 50-day moving average.
Previous day’s volume is 60.45% lower than the 100-day moving average.
Previous day’s volume is 30.97% lower than the 250-day moving average.
Percentage Differences Between Moving Averages:
5-day moving average is -53.48% lower than the 22-day moving average.
22-day moving average is -39.59% lower than the 50-day moving average.
50-day moving average is 71.70% higher than the 100-day moving average.
100-day moving average is 74.52% higher than the 250-day moving average.
Volume Trend
The longest consecutive volume increase started on 12-07-2024 with a volume of 18,838,481.00 USDT and ended on 16-07-2024 with a volume of 37,120,401.00 USDT, lasting for 4 days and representing a 97.05% increase.
The longest consecutive volume decrease started on 05-08-2024 with a volume of 220,668,996.00 USDT and ended on 10-08-2024 with a volume of 14,834,013.00 USDT, lasting for 5 days and representing a 93.28% decrease.
Price Volume Coorelation
During the longest volume increasing period price increase from 0.14 USDT to 0.16 USDT, which represents a 14.77% change.
During the longest volume decreasing period price increase from 0.11 USDT to 0.12 USDT, which represents a 9.81% change.
Strategy
There is no trend formation at the moment. We should wait until a trend forms.
ALGO – Algorand
Legal Disclaimer: This Chart and The Accompanying Analyses Are Not Investment Advice.
