Analysis of Algorand prices today (February 4, 2025)

The current price of Algorand ($ALGO ) is $0.2986, the price has decreased by -1.30% over the last 24 hours. Currently, ALGO is available on 51 exchanges, and over the last 24 hours, 681,104,282 ALGO coins have been exchanged, totaling $203,407,657 in trading volume.$XRP $LINK

Today, Algorand (ALGO) opened at $0.3131. This is -4.60% lower than the opening price. From the maximum price over the last 30 and 7 days, its value has decreased by -37.44% and -25.56%, while from the minimum recorded price over the same period, it has increased by 27.57%.

According to our analysis, ALGO needs to stay above $0.2799 to potentially move towards the first important resistance level at $0.3632. A breakout above $0.3632 could lead to an increase of ALGO to the next resistance level at $0.4212. The third resistance is at $0.4768.

If the price falls, the first support level to watch is $0.2799. If this level does not hold, further decline may occur to the next support level at $0.2375.#AltcoinRevolution2028 #ALGO. #ALGO/USDT