Analysis of Algorand prices today (December 24, 2024)

The current price of Algorand ($ALGO ) is $0.3925, the price has increased by +5.22% over the last 24 hours. Currently, ALGO is available on 49 exchanges, and over the last 24 hours, 701,842,148 ALGO coins have been exchanged, amounting to $275,463,404 in trading volume.$BTC $COW

Today, Algorand (ALGO) opened at $0.3765. It has increased by 4.25% from the opening price. After falling to $0.3630, it is trying to rise above. From the maximum price over the last 30 and 7 days, its value has decreased by -34.92% and -11.32%, while from the minimum recorded price over the same period, it has increased by 55.87% and 37.67%.

According to our analysis, ALGO needs to stay above $0.3632 to potentially move towards the first important resistance level at $0.4212. A breakout above $0.4212 could lead to an increase of ALGO to the next resistance level at $0.4768. The third resistance is at $0.5686.

If the price falls, the first support level to watch will be $0.3632. If this level does not hold, further decline to the next support level at $0.2799 is possible. #BtcNewHolder