Algorand (ALGO) gets a bearish rating from InvestorsObserver Monday. The crypto is down 2.71% to $0.7201379426 while the broader crypto market is down 3.46%.
Algorand has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Algorand!
Bearish
Over the last five days, Algorand has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Algorand over the past five days by volume and price movement.The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.
Price Levels
Algorand is currently trading near its midpoint for the past five-days. The crypto is 5.29% off its five-day high and is 4.59% higher than its five-day low of $0.688545763492584.Algorand price is trading near support. With support set around $0.717258788575369 and resistance at $0.75407872342034, has plenty of space before hitting resistance.
Algorand has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.
What is a coin?
A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, what those payments are use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.Due to a lack of data, this crypto may be less suitable for some investors.
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