Analysis of Algorand prices today (December 22, 2024)#

The current price of Algorand ($ALGO ) is $0.3495, the price has increased by +2.22% over the last 24 hours. Currently, ALGO is available on 49 exchanges, and over the last 24 hours, 777,055,149 ALGO coins have been exchanged, amounting to $271,544,330 in trading volume.$BTC $LSK

Today, Algorand (ALGO) opened at $0.3277. It has increased by 6.65% from the opening price. After dropping to $0.3177, it is trying to move higher. From the maximum price over the last 30 and 7 days, its value has decreased by -42.05% and -21.05%, while from the minimum recorded price over the same period, it has increased by 62.76% and 22.57%.

According to our analysis, ALGO needs to stay above $0.2799 to potentially move towards the first important resistance level at $0.3632. A breakout above $0.3632 could lead to an increase in ALGO to the next resistance level at $0.4212. The third resistance is at $0.4768.

If the price drops, the first support level to watch is $0.2799. If this level does not hold, further decline to the next support level of $0.2266 may occur.#2024Crypto #2024withBinance