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 $0.084359996 with $0.087 as upper border and $0.0814 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 |
|---|
Volume profile price channel in 24 hours range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 0.087 | Channel maximum price resist level based on 24 hours movements |
| 0.0814 | 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 is now on EDGE at $0.082. So the next scenario is able. If price will go up it will spend next in CHANNEL near to $0.08608 with $0.08976 as upper border and $0.082 as bottom. If price will go down, it will FALL with support level $0.082Historic 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 |
|---|
Volume profile price channel in 7 days range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 0.082 | Edge price dividing trends based on 7 days movements |
| 0.08976 | Channel maximum price resist level based in case of RAISE trend on 7 days movements |
| 0.082 | Channel minimum price resist level based in case of RAISE trend on 7 days movements |
| 0.082 | 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 is now on EDGE at $0.0828. So the next scenario is able. If price will go up it will spend next in CHANNEL near to $0.0891 with $0.0925 as upper border and $0.0828 as bottom. If price will go down, it will FALL with support level $0.0828Historic 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 |
|---|---|---|
| $0.11086761206388474 | Weight: 16.323 | 13 Mar 2020 |
Volume profile price channel in 30 days range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 0.0828 | Edge price dividing trends based on 30 days movements |
| 0.0925 | Channel maximum price resist level based in case of RAISE trend on 30 days movements |
| 0.0828 | Channel minimum price resist level based in case of RAISE trend on 30 days movements |
| 0.0828 | Minimum price support level in case of FALL trend based on 30 days movements |
Highly correlated currencies
| Coin | Correlation | Links |
|---|---|---|
| First tier | ||
Dogecoin
DOGE
|
0.929916 | details, prediction |
Ethereum Classic
ETC
|
0.92605686 | details, prediction |
XRP
XRP
|
0.9156442 | details, prediction |
Cardano
ADA
|
0.9090409 | details, prediction |
Bitcoin Cash
BCH
|
0.8719088 | details, prediction |
| Second tier | ||
Verge
XVG
|
0.95780736 | details, prediction |
IOTA
IOT
|
0.9515031 | details, prediction |
iEx.ec
RLC
|
0.95129144 | details, prediction |
Ravencoin
RVN
|
0.94189346 | details, prediction |
Horizen
ZEN
|
0.94114864 | details, prediction |
| Third tier | ||
IoTeX
IOTX
|
0.9483716 | details, prediction |
Internet of Services
IOST
|
0.94608265 | details, prediction |
ARK
ARK
|
0.9439921 | details, prediction |
Civic
CVC
|
0.938559 | details, prediction |
Power Ledger
POWR
|
0.93655294 | 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 | ||
Stellar
XLM
|
-0.22356278 | details, prediction |
TRON
TRX
|
0.2603593 | details, prediction |
ZCash
ZEC
|
0.3910435 | details, prediction |
Monero
XMR
|
0.7049645 | details, prediction |
Ethereum
ETH
|
0.7325962 | details, prediction |
| Second tier | ||
USD//Coin
USDC
|
-0.7993993 | details, prediction |
Dai
DAI
|
-0.71597356 | details, prediction |
True USD
TUSD
|
-0.45658588 | details, prediction |
DigiByte
DGB
|
0.24736205 | details, prediction |
Telcoin
TEL
|
0.6320982 | details, prediction |
| Third tier | ||
Propy
PRO
|
-0.30915883 | details, prediction |
Phantasma
SOUL
|
-0.22280498 | details, prediction |
Matrix AI Network
MAN
|
-0.118916884 | details, prediction |
V Systems
VSYS
|
-0.0073103504 | details, prediction |
NKN
NKN
|
0.13648802 | 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)