![]() As the name suggests, a moving average provides the average closing price for ALGO over a selected time frame, which is divided into a number of periods of the same length. Moving averages are among the most popular Algorand price prediction tools. When trying to predict the Algorand price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall. These tools can roughly be divided into indicators and chart patterns. Similarly, Algorand resistance levels are at $ 0.111173, $ 0.112658, and $ 0.115033.Īlgorand traders use a variety of tools to try and determine the direction in which the ALGO market is likely to head next. Periodīased on today's classical pivot point (P1) with the value of $ 0.108798, Algorand has support levels of $ 0.107312, $ 0.104937, and the strongest at $ 0.103452. Traders use the trend indicator to discover short-term overbought or oversold conditions. ![]() Weekly Exponential Moving Average (EMA) PeriodĪn oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Algorand Price Forecast Based on Technical Analysis Compared to today’s price, Algorand could gain 123.14% by 2030 if it reaches the upper price target. The Algorand price prediction for 2030 is currently between $ 0.033895 on the lower end and $ 0.247849 on the high end. Compared to today’s price, Algorand could gain 34.81% by 2025 if ALGO reaches the upper price target. The Algorand price prediction for 2025 is currently between $ 0.086275 on the lower end and $ 0.149738 on the high end. Using the same basis, here is the Algorand price prediction for each year up until 2030. Meanwhile, the price of Algorand is predicted to reach as high as $ 0.114943 next year. Long-term Algorand price prediction for 2024, 2025, 2026, 2027, 2028, 20īased on the historical price movements of Algorand and the BTC halving cycles, the yearly low Algorand price prediction for 2024 is estimated at $ 0.081245. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. ![]() No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. The information provided is for general information purposes only. Based on our Algorand forecast, it's now a bad time to buy Algorand.ĭisclaimer: This is not investment advice. Algorand recorded 16/30 (53%) green days with 3.10% price volatility over the last 30 days. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 49 (Neutral). According to our current Algorand price prediction, the price of Algorand is predicted to rise by 6.36% and reach $ 0.114943 by August 12, 2023. ![]()
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