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
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Algorand price levels prediction for next 24 hours
Next 24 hours brief prediction
Price of ALGO has broken last trend and will RAISE from the support level $0.08723Historic 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 |
|---|
Volume profile price channel in 24 hours range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 0.08723 | Minimal price support level based on 24 hours movements |
Algorand price levels prediction for next 7 days
Next 7 days brief prediction
Price of ALGO is now on EDGE at $0.087900005. So the next scenario is able. If price will go up it will spend next in CHANNEL near to $0.101600006 with $0.1136 as upper border and $0.087900005 as bottom. If price will go down, it will FALL with support level $0.087900005Historic 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 |
|---|---|---|
| $0.2038627713918686 | Weight: 7.182 | 04 Jul 2020 |
| $0.16847042739391327 | Weight: 47.405 | 26 Sep 2019 |
| $0.11086761206388474 | Weight: 16.59 | 13 Mar 2020 |
| $0.08092609792947769 | Weight: 5.795 | 24 Jan 2026 |
Volume profile price channel in 7 days range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 0.087900005 | Edge price dividing trends based on 7 days movements |
| 0.1136 | Channel maximum price resist level based in case of RAISE trend on 7 days movements |
| 0.087900005 | Channel minimum price resist level based in case of RAISE trend on 7 days movements |
| 0.087900005 | Minimum price support level in case of FALL trend based on 7 days movements |
Algorand price levels prediction for next 30 days
Next 30 days brief prediction
Price of ALGO has broken last trend and will FALL from the support level $0.09990001Historic 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: 7.182 | 04 Jul 2020 |
| $0.16847042739391327 | Weight: 47.405 | 26 Sep 2019 |
| $0.11086761206388474 | Weight: 16.59 | 13 Mar 2020 |
| $0.08092609792947769 | Weight: 5.795 | 24 Jan 2026 |
Volume profile price channel in 30 days range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 0.09990001 | Maximum price support level based on 30 days movements |
Highly correlated currencies
| Coin | Correlation | Links |
|---|---|---|
| First tier | ||
Cardano
ADA
|
0.7489533 | details, prediction |
Stellar
XLM
|
0.7320216 | details, prediction |
Ethereum Classic
ETC
|
0.71193695 | details, prediction |
Bitcoin Cash
BCH
|
0.702103 | details, prediction |
Litecoin
LTC
|
0.6947043 | details, prediction |
| Second tier | ||
Waves
WAVES
|
0.960484 | details, prediction |
Ravencoin
RVN
|
0.9563295 | details, prediction |
Siacoin
SC
|
0.9496643 | details, prediction |
HoloToken
HOT
|
0.9470667 | details, prediction |
aelf
ELF
|
0.94689685 | details, prediction |
| Third tier | ||
Wanchain
WAN
|
0.9867375 | details, prediction |
Internet of Services
IOST
|
0.9639693 | details, prediction |
Enjin Coin
ENJ
|
0.962379 | details, prediction |
Hydro Protocol
HOT
|
0.9582467 | details, prediction |
Metal
MTL
|
0.9423407 | 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 | ||
Binance Coin
BNB
|
-0.20540775 | details, prediction |
TRON
TRX
|
-0.09313135 | details, prediction |
XRP
XRP
|
0.4437228 | details, prediction |
Dogecoin
DOGE
|
0.5146966 | details, prediction |
KuCoin Shares
KCS
|
0.55440897 | details, prediction |
| Second tier | ||
True USD
TUSD
|
-0.20708235 | details, prediction |
Dai
DAI
|
-0.17892382 | details, prediction |
Ardor
ARDR
|
0.29283962 | details, prediction |
Zilliqa
ZIL
|
0.31265113 | details, prediction |
USD//Coin
USDC
|
0.53458905 | details, prediction |
| Third tier | ||
HEROcoin
PLAY
|
-0.49003902 | details, prediction |
Constellation
DAG
|
-0.30645272 | details, prediction |
BOScoin
BOS
|
0.13198966 | details, prediction |
Dero
DERO
|
0.20753685 | details, prediction |
Streamr DATAcoin
DATA
|
0.6382543 | 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)