Algorand Price Prediction: 2024, 2025, 2030 (2024)

Disclaimer

For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.

ALGO price prediction: Key highlights

1. Primary support and resistance levels

• An analysis of the weekly chart revealed$0.09to be the lowest price floor.
• Meanwhile,$0.40 can likely be the highest resistance level.

2. Market sentiment

• The market is seen to bebearishin August 2024.

3. Predictive forecasts

• Our AI/ML predictive algorithms project ALGO’s average price to exceed$0.60in 2033 and$0.80 by 2035.

Given below is a comprehensive weekly technical analysis ofALGO, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

ALGO technical analysis: Bulls near a comeback

ALGO's financial trajectory throughout last year was emblematic of a tumultuous period for the cryptocurrency. However, the outlook for theAlgorand price prediction in 2024 can go either way.

The analysis commenced with the asset struggling to sustain over$0.10. A substantial drop in mid-August pulled it to its lowest support level,$0.09, a critical threshold to forestall further depreciation.

The market improved toward the end of October. Consequently, the reneweduptrendflipped significant resistance levels to support and elevated thealtcoin to test$0.20 in December. By mid-month, it surged past this resistance. Nonetheless, this peak wasn't sustained, precipitating a regression to$0.15 in late January.

February saw a renewed bullisheffort, as consecutive green candles propelled the price to the highest yearly resistance of$0.28in March. This level was tested several times throughout the month.

Nevertheless, bears clawed the asset back to$0.15in Q2 2024. Buyers’ attempts to reclaim$0.20weakened as selling pressure intensified. A series of declines from late May drove the price to$0.12by July, erasing most of its Q4 2023gains.

However, the bulls remained resilient and elevated the price to challenge the support-turned-resistance at$0.15mid-month. This attempt faltered under profit-taking. Continuous selling drove the asset to the critical$0.10 mark in August. As the analysis period concluded, ALGO had breached the$0.12level with a trading price of$0.13.

How high/low can ALGO go in 2024?

If buyers stabilize at$0.12, it might be a base for another rally. Furthermore, abullish reversal would necessitate flipping$0.20.A sustained momentum may even result in the asset breaking past the yearly high barrier, putting the next target at$0.40. This level can also pose significant resistance to further upswing.

Meanwhile, the dominantdowntrendcan cause further depreciation if investors liquidate. A drop below$0.12 will drive ALGO to the critical$0.10 mark, with the next downside target being$0.09.

The projected trajectory of ALGO's value suggests a promising yet gradual appreciation over the next decade. By 2033, predictive models estimate that the average trading price of ALGO will be more than$0.60, indicating a steady rise from its current levels. This incremental increase is expected to continue, with the price forecasted to further escalate to$0.80by 2035.

ALGO's 2024 roadmap: Key indicators to watch and trade

• Thetrading volume correlated with the price movements. An increase during the rallies validated them. Meanwhile, as the price dropped, investor withdrawal was also evident.
• The 20 and 50-weekExponential Moving Averages (EMAs) were established above the price, with the latter dominating. In November, the price candles ascended above the20 EMA and managed a brief crossover of the50 EMAby December.
• However, the price retreated, falling back beneath the 50 EMA and slightly below the 20 EMA towards the end of January. The subsequentbull run saw these EMAs flipped to support, with agolden crossformed in mid-March. Yet, as prices depreciated in April, this was negated by adeath cross in early May, validating thedowntrend.
• Within theDirectional Movement Index(DMI), the+DI line started as the lowest. Conversely, the -DI line began as the highest but showed a consistent descent, eventually falling below the ADX line in mid-September. By mid-October, the +DI line gained momentum, surpassing the -DI line by November.
• Throughout the following months, the +DI line and theADX line exhibited fluctuating ups and downs, often crossing paths, with the +DI line peaking in conjunction with correspondingprice rallies.
• From March, the ADX and +DI lines began to decline, while the -DI line rose, briefly surpassing the latter in April. This pattern repeated in late May, with the -DI line overtaking the ADX and +DI lines by the subsequent month. At press time, the -DI was atop at 29.0205, with the ADX at17.8576and the +DI at20.2852. This pointed to a weakbearishtrend.

Algorand's Short Term Price Prediction

Algorand price prediction 13 September 2024: Algorand's price for 13 September 2024 according to our analysis should range between $0.11 to $0.13 and the average price of ALGO should be around $0.12.

Algorand price prediction 14 September 2024: Algorand's price for 14 September 2024 according to our analysis should range between $0.11 to $0.13 and the average price of ALGO should be around $0.12.

Algorand price prediction 15 September 2024: Algorand's price for 15 September 2024 according to our analysis should range between $0.11 to $0.13 and the average price of ALGO should be around $0.12.

Algorand price prediction 16 September 2024: Algorand's price for 16 September 2024 according to our analysis should range between $0.12 to $0.13 and the average price of ALGO should be around $0.12.

Algorand price prediction 21 September 2024: Algorand's price for 21 September 2024 according to our analysis should range between $0.12 to $0.14 and the average price of ALGO should be around $0.13.

Algorand price prediction 26 September 2024: Algorand's price for 26 September 2024 according to our analysis should range between $0.12 to $0.14 and the average price of ALGO should be around $0.13.

Algorand price prediction 6 October 2024: Algorand's price for 6 October 2024 according to our analysis should range between $0.12 to $0.14 and the average price of ALGO should be around $0.13.

Algorand price prediction November 2024: Algorand's price for November 2024 according to our analysis should range between $0.13 to $0.15 and the average price of ALGO should be around $0.14.

Algorand price prediction December 2024: Algorand's price for December 2024 according to our analysis should range between $0.13 to $0.15 and the average price of ALGO should be around $0.14.

Algorand's Long Term Price Prediction

Algorand’s long term Price Prediction below is a look at ALGO’s future prospect with regards to price. Algorand was last seen at $0.12, with a market cap of $1,048,661,814 and trading volumes of $38,522,751. ALGO’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.

Algorand price prediction 2024: Algorand's price for 2024 according to our analysis should range between $0.11 to $0.17 and the average price of ALGO should be around $0.14.

Algorand price prediction 2025: Algorand's price for 2025 according to our analysis should range between $0.13 to $0.2 and the average price of ALGO should be around $0.17.

Algorand price prediction 2026: Algorand's price for 2026 according to our analysis should range between $0.14 to $0.22 and the average price of ALGO should be around $0.18.

Algorand price prediction 2027: Algorand's price for 2027 according to our analysis should range between $0.16 to $0.24 and the average price of ALGO should be around $0.2.

Algorand price prediction 2028: Algorand's price for 2028 according to our analysis should range between $0.19 to $0.29 and the average price of ALGO should be around $0.24.

Algorand price prediction 2029: Algorand's price for 2029 according to our analysis should range between $0.25 to $0.37 and the average price of ALGO should be around $0.31.

Algorand price prediction 2030: Algorand's price for 2030 according to our analysis should range between $0.23 to $0.35 and the average price of ALGO should be around $0.29.

Algorand price prediction 2031: Algorand's price for 2031 according to our analysis should range between $0.35 to $0.53 and the average price of ALGO should be around $0.44.

Algorand price prediction 2032: Algorand's price for 2032 according to our analysis should range between $0.41 to $0.62 and the average price of ALGO should be around $0.51.

Algorand price prediction 2033: Algorand's price for 2033 according to our analysis should range between $0.38 to $0.57 and the average price of ALGO should be around $0.47.

Algorand price prediction 2034: Algorand's price for 2034 according to our analysis should range between $0.56 to $0.85 and the average price of ALGO should be around $0.71.

Algorand price prediction 2035: Algorand's price for 2035 according to our analysis should range between $0.54 to $0.81 and the average price of ALGO should be around $0.68.

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Algorand’s current price is $0.12 and witnessed a -0.25% decrease in the past 24 hours. ALGO/BTC pair saw a 0.39% increase in the past 24 hours

Investing in Algorand, ALGO will purely depend on your personal risk appetite. As you can see over the past 24 hours Algorand’s price has witnessed a -0.25% decrease and over the past 30 days Algorand has increase by 5.41%. So it all depends on if this investment will hit your trading goals.

According to our latest Algorand Price prediction for 2024, ALGO should vary between $0.17 and $0.11. Please keep in mind that the crypto market is very volatile and this Algorand price prediction does not account for extreme wild swings in price.

As per the Algorand price prediction 2024 model above, ALGO’s price for September 2024 should range between $0.11 to $0.17 with the average price for September being $0.14

According to the Algorand Price Prediction model above, ALGO’s price in 2025 would be $0.17. This price would however would range from $0.2 and $0.13.

According to the Algorand Price Prediction model above, ALGO’s price in 2026 would be $0.18. This price would however would range from $0.22 and $0.14.

According to the Algorand Price Prediction model above, ALGO’s price in 2027 would be $0.2. This price would however would range from $0.24 and $0.16.

According to the Algorand Price Prediction model above, ALGO’s price in 2028 would be $0.24. This price would however would range from $0.29 and $0.19.

According to the Algorand Price Prediction model above, ALGO’s price in 2029 would be $0.31. This price would however would range from $0.37 and $0.25.

According to the Algorand Price Prediction model above, ALGO’s price in 2030 would be $0.29. This price would however would range from $0.35 and $0.23.

According to the Algorand Price Prediction model above, ALGO’s price in 2031 would be $0.44. This price would however would range from $0.53 and $0.35.

According to the Algorand Price Prediction model above, ALGO’s price in 2032 would be $0.51. This price would however would range from $0.62 and $0.41.

According to the Algorand Price Prediction model above, ALGO’s price in 2033 would be $0.47. This price would however would range from $0.57 and $0.38.

According to the Algorand Price Prediction model above, ALGO’s price in 2034 would be $0.71. This price would however would range from $0.85 and $0.56.

According to the Algorand Price Prediction model above, ALGO’s price in 2035 would be $0.68. This price would however would range from $0.81 and $0.54.

The highest price for Algorand was recorded in 20 June 2019 during which ALGO hit an All Time High of $3.56

The price of 1 Algorand according to current market rate is $0.12