Algorand (ALGO) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has declined 0.06% to $0.3144956998.
InvestorsObserver is giving Algorand a 39 Volatility Rank. Find out what this means to you and get the rest of the rankings on Algorand!
Moderately Volatile
InvestorsObserver gives Algorand a moderate volatility rank of 39, placing it in the bottom 39% of cryptos on the market.The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. ALGO's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Algorand price is in a favorable position going forward. With support set at $0.308241610446548 and resistance around $0.322652165809249. This positions Algorand with room to run before facing selling pressures.