| CoinCodex
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
- Algorand is up 3.61% today against the US Dollar
- ALGO/BTC increased by 3.07% today
- ALGO/ETH increased by 2.82% today
- Algorand is currently trading 9.26% below our prediction on Feb 13, 2025
- Algorand dropped -18.64% in the last month and is up 59.93% since 1 year ago
| Algorand price | $ 0.278619 |
| Algorand prediction | $ 0.307045 (14.56%) |
| Sentiment | Bearish |
| Fear & Greed index | 44 (Fear) |
| Key support levels | $ 0.256089, $ 0.241740, $ 0.221850 |
| Key resistance levels | $ 0.290329, $ 0.310218, $ 0.324568 |
ALGO price is expected to rise by 14.56% in the next 5 days according to our Algorand price prediction
According to our Algorand price prediction, ALGO is expected to reach a price of $ 0.307045 by Feb 13, 2025. This would represent a 14.56% price increase for ALGO in the next 5 days.
ALGO Price Prediction Chart
What has been going on with Algorand in the last 30 days
Algorand has been displaying a negative trend recently, as the coin lost -18.64% in the last 30-days. The medium-term trend for Algorand has been bullish, with ALGO increasing by 90.45% in the last 3 months. The long-term picture for Algorand has been positive, as ALGO is currently displaying a 59.93% 1-year price change. On this day last year, ALGO was trading at $ 0.174216.
Algorand reached its all-time high price on Jun 21, 2019, when the price of ALGO peaked at $ 4.77. The current ALGO cycle high is $ 0.602491, while the cycle low is at $ 0.084597. ALGO has been displaying high volatility recently – the 1-month volatility of the coin is at 14.78. Algorand recorded 15 green days in the last 30 days.
Algorand technical analysis for today – Feb 09, 2025
The sentiment in the Algorand markets is currently Bearish, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 0.256089, $ 0.241740 and $ 0.221850, while $ 0.290329, $ 0.310218 and $ 0.324568 are the key resistance levels.
Bearish sentiment for Algorand
13 indicators are currently signaling a bullish prediction for Algorand, while 20 indicators are showing a bearish forecast. With 61% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Algorand.
Crypto market is currently experiencing Fear
Currently, the Fear & Greed index is at 44 (Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
Algorand moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Algorand is positioned in the market right now.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 0.311228 (SELL) | $ 0.356521 (SELL) | – | – |
| MA5 | $ 0.298985 (SELL) | $ 0.364524 (SELL) | – | – |
| MA10 | $ 0.336338 (SELL) | $ 0.370359 (SELL) | – | – |
| MA21 | $ 0.370028 (SELL) | $ 0.373485 (SELL) | -$ 0.12 (BUY) | $ 0.286181 (SELL) |
| MA50 | $ 0.370334 (SELL) | $ 0.355328 (SELL) | -$ 0.10 (BUY) | $ 0.230812 (BUY) |
| MA100 | $ 0.330796 (SELL) | $ 0.303338 (SELL) | -$ 0.29 (BUY) | $ 0.240260 (BUY) |
| MA200 | $ 0.230765 (BUY) | $ 0.247753 (BUY) | -$ 0.22 (BUY) | $ 0.114272 (BUY) |
| Period | Value | Action |
| RSI (14) | 32.10 | BUY |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 16.82 | BUY |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 26.75 | SELL |
| Awesome Oscillator (5, 34) | -0.09 | NEUTRAL |
| Momentum (10) | -0.12 | NEUTRAL |
| MACD (12, 26) | -0.01 | NEUTRAL |
| Williams Percent Range (14) | -83.18 | BUY |
| Ultimate Oscillator (7, 14, 28) | 39.78 | NEUTRAL |
| VWMA (10) | 0.32 | SELL |
| Hull Moving Average (9) | 0.28 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.37 | NEUTRAL |
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Algorand is at 32.10, suggesting that ALGO is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Algorand over the last 50 days. Currently, Algorand is trading above the SMA 50 trendline, which is a bullish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the ALGO closing price for the last 200 days. ALGO is now trading below the SMA 200, signaling that the market is currently bearish.
The bottom line about this Algorand prediction
After considering the above factors, we can conclude that the current forecast for Algorand price prediction is Bearish. ALGO would have to increase by 14.56% to hit our $ 0.307045 target within the next five days. Moving forward, it will be important to monitor the ALGO market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Algorand price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
