Analysis of Algorand prices today (November 30, 2024)

The current price of Algorand ($ALGO ) is $0.4124, the price has increased by +18.09% in the last 24 hours. Currently, ALGO is available on 49 exchanges, and in the last 24 hours, 3,633,016,510 ALGO coins have been exchanged, which amounts to $1,498,263,453 in trading volume.$OMNI $SSV

Today, Algorand (ALGO) opened at $0.4409. This is -6.47% lower than the opening price. Despite a rally to $0.4461, Algorand (ALGO) faced resistance and was unable to maintain momentum for a move higher. ALGO has more than a 252.11% increase compared to last month's price. From the maximum price in the last 30 and 7 days, it has increased by 25.58%, and from the minimum recorded price for the same period - by 289.44% and 92.08%.

According to our analysis, ALGO needs to stay above $0.3632 to potentially move toward the first important resistance level at $0.4212. A breakout above $0.4212 could lead to an increase in ALGO to the next resistance level at $0.5686. The third resistance is at $0.6689.

If the price drops, the first support level to watch will be $0.3632. If this level does not hold, there may be further decline to the next support level at $0.2799.