Algorand Price Analysis for Today (November 23, 2024)
The current price of Algorand ($ALGO ) is $0.2843, with a price increase of +24.88% in the last 24 hours. Currently, ALGO is available on 49 exchanges, and in the last 24 hours, 1,791,501,616 ALGO coins have been exchanged, amounting to $509,409,315 in trading volume.
Today, Algorand (ALGO) opened at $0.2587. This is 9.90% higher than the opening price. After dropping to $0.2587, it is attempting to rise higher. ALGO has an increase of more than 133.24% compared to the price from last month. From the maximum price in the last 30 and 7 days, it has risen by 19.87%, and from the minimum recorded price for the same period, it has increased by 168.51% and 95.31%.
According to our analysis, ALGO needs to stay above $0.2799 to potentially move towards the first significant resistance level at $0.3632. A breakout above $0.3632 could lead to an increase of ALGO to the next resistance level at $0.4212. The third resistance is at $0.5686.
If the price falls, the first support level to watch is $0.2799. If this level does not hold, further decline may occur to the next support level at $0.2266.
