Price Target on Algorand (ALGO)
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* All price predictions are based on user input. Binance does not contribute to or influence any of the price predictions on this page.
Visualize your price target on a graph with the Price Prediction Graph tool below. Simply enter your prediction for Algorand’s growth in percentage, and click ‘Calculate Prediction’.
Please note that you can enter a negative or positive growth percentage.
Page last updated: 2024-12-22 17:00 (UTC+0)
Technical Analysis
Technical analysis is a useful tool for predicting trends on a chart. However, recently many people have started trading with bots that have technical analysis concepts programmed into them. Below is an automated report of where the market is trending and which direction it may go at different time intervals into the future. While this is a Algorand price prediction based on technicals, please do your own research and trade based on your own knowledge and ability.
Moving Average
- On the four-hour time frame, Algorand is currently trending bearish with the 50 day moving average currently sloping down.
- Algorand’s 200 day moving average is sloping up and has been doing so since 12/17/2024 which means the trend is strong.
Relative Strength Index
- Currently the RSI is within the 30-70 neutral zone, which indicates the price is trending neutral with the price being able to keep RSI in that state for a while.
Moving Average
- On the 1 day time frame, Algorand is currently trending bullish with the 50 day moving average currently sloping up and below the current Algorand price, which could act as a support the next time it interacts with it.
- Algorand’s 200 day moving average is sloping up and has been doing so since 11/22/2024 which means the trend is strong.
- The 200 daily moving average is currently below the price, which means if price interacts with it again, it can potentially be used as a support to continue the trend.
- On the 1 day time frame, if we were to give a Algorand price prediction, it would be bearish considering the way the 50 day and 200 day moving averages are bullish.
Relative Strength Index
- Currently the RSI is within the 30-70 neutral zone, which indicates the price is trending neutral with the price being able to keep RSI in that state for a while.
MACD
- On the histogram side, there is a bearish divergence, which could mean the price is going to reverse as well.
Daily Algorand (ALGO) Price Prediction For Today, Tomorrow, this Week, and Next 30 Days
Based on your price prediction input for Algorand, the value of ALGO is projected to increase by 5%, potentially reaching $ 0.352775 in the next 30 days.
| Year | Price |
|---|
| Dec 22, 2024 | $ 0.351364 |
| Dec 23, 2024 | $ 0.351411 |
| Dec 29, 2024 | $ 0.351692 |
| Jan 21, 2025 | $ 0.352775 |
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