- The ALGO coin price is negative, around 1.9%, during the intraday trading session.
- The 24-hour trading volume is at $356 million.
- ALGO/BTC pair is trading negative by -1.9% at 0.00003682 BTC.
Daily technical chart and price trend of ALGO coin show a bearish trend. Based on the pivot level, the first support zone is 0.95 USDT. From another perspective, if it rushes, the resistance level to watch is 2.45 USDT. Thus, the graph made a bearish harami candle pattern during the day, and the cost is relied upon to remain downside with unwavering medium force.
The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost moves inside the green ribbon and above 200-EMA, so it will guarantee an upswing in ALGO until it’s above the ribbon.
Trading volume (10.0 M) is underneath the 20-day moving average (98.72 M). To put it plainly, the volume is low but increasing, making the cost struggle at the pivot levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is normal in the following trading days.
A RSI indicator gave a signal (neutral) with 48, projecting a flat trend in the currency. Investors can observe a flat slope on the index. It can arise in future trading sessions.
ALGO Coin Price May Remain Sideways Before The Pump
The price of Algorand today is $1.61 and the 24-hour trading volume is $356,157,001. ALGO prices have fallen -1.9% in the last 24 hours. The circulation volume is 6 billion ALGO coins, and the total amount is 6.56 billion. The RSI points to a no trading zone, and the traders have prompted low volume. In fact, the cost struggles at the pivot levels. In like manner, with the general market perspective, the pattern stays sideways for coming trading days.
Resistance Level: $0.95
Support Level: $2.45