Algorand (ALGO) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Friday, the crypto has fallen 0.3% to $1.72.
InvestorsObserver is giving Algorand a 21 Volatility Rank. Find out what this means to you and get the rest of the rankings on Algorand!
Low Volatility
InvestorsObserver gives Algorand a low volatility rank of 21, placing it in the bottom 21% of cryptos on the market.The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. ALGO's low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Algorand price is well positioned going forward. With support set at $1.57 and resistance near $1.81. This leaves Algorand with room to run before facing selling pressures.
