Algorand Price Analysis for Today (November 29, 2024)

The current price of Algorand ($ALGO ) is $0.4080, with a price increase of +32.65% over the last 24 hours. Currently, ALGO is available on 49 exchanges, and over the last 24 hours, 2,794,273,790 ALGO coins have been traded, totaling $1,139,952,653 in trading volume.$PEPE $SHIB

Today, Algorand (ALGO) opened at $0.3221. This is 26.66% higher than the opening price. After dropping to $0.3192, it is attempting to rise above. ALGO has more than 234.17% growth compared to last month's price. From the maximum price in the last 30 and 7 days, it has increased by 24.23%, and from the minimum recorded price over the same period, it has risen by 285.24% and 90.01% respectively.

According to our analysis, ALGO needs to stay above $0.3632 to potentially move towards the first significant resistance level at $0.4212. A breakout above $0.4212 could lead to ALGO rising 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, further decline may occur to the next support level at $0.2799.