27 February 2025 ALGO Daily Analysis ALGO Daily Analysis
ALGO Daily Analysis
Outlook
ALGO current price is 0.2392 USDT and the current market cap is 16.297.891 USDT. This chart period started 210 days ago (02 August 2024) with a total of 109 days closing above the opening price and 99 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 155.01% above the lowest price and 61.04% below the highest price.
Moving Average
Moving Averages (Closing Prices):5-Day Moving Average: 0.238822-Day Moving Average: 0.2681550-Day Moving Average: 0.331348100-Day Moving Average: 0.35693250-Day Moving Average: 0.2224876500-Day Moving Average: 0.2038638
Moving Average Analysis
The current price is %0.17 higher than the 5-Day moving average and has been above it for 1 days.The current price is %10.80 lower than the 22-Day moving average and has been below it for 7 days.The current price is %27.81 lower than the 50-Day moving average and has been below it for 26 days.The current price is %32.98 lower than the 100-Day moving average and has been below it for 27 days.The current price is %7.51 higher than the 250-Day moving average and has been above it for 98 days.The current price is %17.33 higher than the 500-Day moving average and has been above it for 102 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: 0.2534 USDT on 23-02-2025 Support: 0.2248 USDT on 24-02-2025 Support: 0.209 USDT on 25-02-2025Last 7 days resistance levels: Resistance: 0.2423 USDT on 26-02-2025The lowest support level is 0.209 USDT on 25-02-2025, and the highest resistance level is 0.2423 USDT on 26-02-2025. The percentage difference between these levels is approximately 15.9%.
Volume
The previous trading day’s volume (26-02-2025) 69,485,369.00 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 9,589,094.00 USDT on 27-02-2025. Difference between highest and lowest volume is 7568.71%.
Volume Moving Averages
( Excluding Today)
5-day Moving Average Volume: 68,995,613.60 USDT22-day Moving Average Volume: 67,952,678.95 USDT50-day Moving Average Volume: 102,272,752.42 USDT100-day Moving Average Volume: 157,783,770.85 USDT250-day Moving Average Volume: 91,370,170.64 USDT
Volume Moving Averages Comparison
Volume of the previous trading day: 69,485,369.00 USDT
Previous day’s volume is 0.71% higher than the 5-day moving average.Previous day’s volume is 2.26% higher than the 22-day moving average.Previous day’s volume is 32.06% lower than the 50-day moving average.Previous day’s volume is 55.96% lower than the 100-day moving average.Previous day’s volume is 23.95% lower than the 250-day moving average.
Percentage Differences Between Moving Averages:
5-day moving average is 1.53% higher than the 22-day moving average.22-day moving average is -33.56% lower than the 50-day moving average.50-day moving average is -35.18% lower than the 100-day moving average.100-day moving average is 72.69% 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 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 0.1364 USDT to 0.1373 USDT, which represents a 0.66% change.During the longest volume decreasing period price increase from 0.1101 USDT to 0.1209 USDT, which represents a 9.81% change.
Strategy
It has closed with an increase for the last two days. The previous day’s closing level can be set as the stop-loss level, and a ‘long’ position can be opened.
Legal Disclaimer: This Chart and The Accompanying Analyses Are Not Investment Advice.
