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 will be traded in CHANNEL near to $1.6530001 with $1.8910002 as upper border and $1.5090001 as bottom.

Historic 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
$2.0094943046569824 Weight: 27.993 13 Sep 2021
$1.9924511909484863 Weight: 31.943 18 Nov 2021
$1.8428112268447876 Weight: 37.055 11 Sep 2021
$1.8110499382019043 Weight: 86.531 12 Feb 2021
$1.7971539497375488 Weight: 59.633 17 Apr 2021
$1.7304599285125732 Weight: 61.232 18 Nov 2021
$1.6827282905578613 Weight: 45.421 07 May 2021
$1.6042743921279907 Weight: 30.589 12 Oct 2021
$1.5768264532089233 Weight: 71.897 17 Nov 2021
$1.5300989151000977 Weight: 51.82 21 Sep 2021

Volume profile price channel in 24 hours range

Edge levels of the price channel based on volume profile report.
Price Description
1.8910002 Channel maximum price resist level based on 24 hours movements
1.5090001 Channel minimum price resist level based on 24 hours movements

Algorand price levels prediction for next 7 days

Next 7 days brief prediction

Price of ALGO will be traded in CHANNEL near to $1.798 with $1.925 as upper border and $1.566 as bottom.

Historic 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
$2.8069608211517334 Weight: 65.931 18 Nov 2021
$2.525352716445923 Weight: 84.792 13 Sep 2021
$2.440647602081299 Weight: 48.152 09 Sep 2021
$2.2771401405334473 Weight: 41.489 12 Nov 2021
$1.8110499382019043 Weight: 86.531 12 Feb 2021
$1.7971539497375488 Weight: 59.633 17 Apr 2021
$1.7304599285125732 Weight: 61.232 18 Nov 2021
$1.6827282905578613 Weight: 45.421 07 May 2021
$1.5768264532089233 Weight: 71.897 17 Nov 2021
$1.5300989151000977 Weight: 51.82 21 Sep 2021

Volume profile price channel in 7 days range

Edge levels of the price channel based on volume profile report.
Price Description
1.925 Channel maximum price resist level based on 7 days movements
1.566 Channel minimum price resist level based on 7 days movements

Algorand price levels prediction for next 30 days

Next 30 days brief prediction

Price of ALGO is now on EDGE at $1.65. So the next scenario is able. If price will go up it will spend next in CHANNEL near to $1.946 with $2.3244 as upper border and $1.65 as bottom. If price will go down, it will FALL with support level $1.65

Historic 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
$2.8069608211517334 Weight: 65.931 18 Nov 2021
$2.525352716445923 Weight: 84.792 13 Sep 2021
$2.440647602081299 Weight: 48.152 09 Sep 2021
$2.2771401405334473 Weight: 41.489 12 Nov 2021
$1.8110499382019043 Weight: 86.531 12 Feb 2021
$1.7971539497375488 Weight: 59.633 17 Apr 2021
$1.7304599285125732 Weight: 61.232 18 Nov 2021
$1.6827282905578613 Weight: 45.421 07 May 2021
$1.5768264532089233 Weight: 71.897 17 Nov 2021
$1.5300989151000977 Weight: 51.82 21 Sep 2021

Volume profile price channel in 30 days range

Edge levels of the price channel based on volume profile report.
Price Description
1.65 Edge price dividing trends based on 30 days movements
2.3244 Channel maximum price resist level based in case of RAISE trend on 30 days movements
1.65 Channel minimum price resist level based in case of RAISE trend on 30 days movements
1.65 Minimum price support level in case of FALL trend based on 30 days movements
Highly correlated currencies
Coin Correlation Links
First tier
0.7269813 details, prediction
0.6811366 details, prediction
0.63422275 details, prediction
0.5988756 details, prediction
0.57497483 details, prediction
Second tier
0.70289683 details, prediction
0.69592637 details, prediction
0.6430563 details, prediction
0.6306624 details, prediction
0.5482713 details, prediction
Third tier
0.6652255 details, prediction
0.6503842 details, prediction
0.62846863 details, prediction
0.6066883 details, prediction
0.5912726 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
-0.6823084 details, prediction
-0.6369495 details, prediction
-0.5847868 details, prediction
-0.57233167 details, prediction
-0.56980085 details, prediction
Second tier
-0.8101061 details, prediction
-0.7390242 details, prediction
-0.72063833 details, prediction
-0.64479697 details, prediction
-0.6427261 details, prediction
Third tier
-0.78400266 details, prediction
-0.7205849 details, prediction
-0.69697154 details, prediction
-0.67838717 details, prediction
-0.67153883 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)