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Algorand (ALGO) gets a bearish valuation investor observer Wednesday. Crypto fell 0.77% to $0.1664305885 while the broader crypto market fell 1.23%.
bearish
Over the past 5 days, Algorand has earned a bearish rating. investor observer sentiment score. Sentiment Score measures Algorand’s performance over the last 5 days by volume and price action.
Sentiment Score is a quick and quick look at the recent performance of a cryptocurrency. This helps both short-term investors looking to ride rallies and long-term investors looking to buy dips.
price level
Algorand is currently trading near the midpoint of the past five days. The cryptocurrency is down 3.94% from its 5-day high and is 2.98% higher than its 5-day low of $0.161609698374688.
Algorand price is trading close to the support. With support set around $0.165055855944682 and resistance set at $0.171202972367335, there is plenty of space before reaching resistance.
Algorand has recently traded in small quantities. This means that today’s volume is below the average volume of the last 7 days.
What are coins?
A coin is a cryptocurrency that lives on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, the uses of these payments range from general use in subclasses of digital money to more specific uses in other subclasses.
Due to the lack of data, this crypto may not be very suitable for some investors.
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