TraderStat

ALGO

Algorand

Algorand (ALGO) Technical Analysis Today

Algorand #87

$0.0786

Score 39/100

-1.13%
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Market analysis · September 7, 2026

Algorand Technical Analysis for 2026-09-07

A data-led view of trader positioning, market signals, technical indicators, and chart structure.

Signal summary

Why sell

91%share of directional edge to sell

Calculated from 35 TraderStat scores. Only points above or below the neutral 50/100 level count toward the edge.

Market summary

What is the current Algorand view?

The available TraderStat evidence is currently bearish: sellers hold the directional edge based on 35 scored data points.

The two cards above show which data layers create that edge. Scores close to 50/100 are treated as neutral, so only a meaningful deviation changes the buy or sell balance.

Chart structure

What does the chart say?

Chart-pattern score: No data. The chart view combines the latest detected pattern geometry with support and resistance context.

No named pattern is currently available for this timeframe; use the live chart and technical-analysis page for the latest structure.

Decision framework

Bullish and bearish scenarios

Bullish confirmation

The bullish case strengthens if 1w · Technical analysis and 1d · Technical analysis stay above the neutral 50/100 level and the chart confirms the move.

Bearish confirmation

The bearish case strengthens if Fundamental data and Trader sentiment remain below 50/100 or the chart invalidates the bullish setup.

Detailed daily analysis

Key Takeaways
  • Current Price: Algorand (ALGO) is trading at $0.0924 as of the latest chart snapshot, reflecting a 24-hour price change of +3.065%.
  • Overall Sentiment: The overall technical score sits at 57 (slightly bullish), while the on-chain score is notably weaker at 40, creating a fundamental-technical divergence.
  • Lower Timeframe Conflict: The 15-minute chart signals bearish pressure with a target of $0.0911, conflicting with the 30-minute bullish target of $0.0936. This creates short-term indecision.
  • Key Risk: A sharp -99.995% decline in 24-hour DEX volume change and a -99.998% decline in 24-hour fees change signal drastically reduced network activity, which contradicts the modest price uptick.
Overview

Algorand is trading at $0.0924 with a 24-hour price increase of +3.065%. The broader market structure shows mixed signals: the composite technical rating of 57 is slightly above the neutral 50 midpoint, indicating marginally bullish technical conditions. However, the on-chain score of 40 sits well below neutral, pointing to weak fundamental activity on the network. No fundamental or social scores are available. The overall score is also not available, leaving a partial picture.

Important nuances:

  • The technical score of 57 is only 7 points above neutral, not a strong conviction signal.
  • The on-chain score of 40 is 10 points below neutral, dragging down the composite view.
  • No fundamental or social scores are recorded in the data, limiting analytical depth.
  • The updated timestamp for metrics is 2026-08-19, which lags behind the pattern charts snapshot (2026-08-25).
Lower Timeframe Analysis
15-Minute Chart

The 15-minute chart shows an analysis price of $0.0924 with 6 lines detected. Three Wedge patterns are present (small, medium, large), all with neutral direction. Despite the neutral pattern classification, the aggregate arrow direction is down, with a valid target of $0.0911. The target is validated as bearish since it sits below the analysis price. The pattern score of 56.125 is 6.125 points above neutral 50, suggesting modest confidence in the chart formation.

  • Important nuances: The pattern score of 56.125 is above the 50 neutral midpoint, but the RSI of 37 indicates a bearish lean. The ADX of 20 suggests a weak trend. Three Wedge patterns (small, medium, large) are detected but carry neutral direction individually.
30-Minute Chart

The 30-minute chart analysis price is $0.0928 (slightly higher than 15m). Seven lines and three Wedge patterns (small, medium, large) are detected. Despite neutral pattern classifications, the arrow direction is up with a valid target of $0.0936 (above the analysis price). The pattern score of 54.375 is 4.375 points above neutral 50, indicating a moderately favorable structure. This 30m bullish setup directly conflicts with the 15m bearish target of $0.0911, creating short-term directional ambiguity.

  • Important nuances: The pattern score of 54.375 is slightly above neutral, but the RSI of 26 signals oversold conditions. Three Wedge patterns again carry neutral direction individually. This creates a direct conflict with the 15-minute bearish arrow.
Higher Timeframe Analysis
1-Hour Chart

The 1-hour chart shows an analysis price of $0.0928 with 4 lines and 2 Wedge patterns (medium, large). Despite neutral pattern directions, the arrow is up with a valid target of $0.105. This target is substantially above the current price, but the low pattern score (51.75) suggests caution. The technical score for the 1-hour timeframe is 57, consistent with the overall technical score.

  • Important nuances: The pattern score of 51.75 is only 1.75 points above neutral 50, indicating a barely significant signal. The 60 RSI is at the neutral line, offering no additional direction.
4-Hour Chart

The 4-hour chart analysis price is $0.0928 with 8 lines and 3 Wedge patterns (small, medium, large). The arrow direction is down with a valid target of $0.0825. However, with a pattern score of exactly 50, this formation is statistically neutral and provides weak conviction. The 4-hour technical score is 55, slightly above neutral.

  • Important nuances: The pattern score of 50.00 is exactly at the neutral 50 midpoint, meaning no directional lean. The arrow direction is down, conflicting with the 1-hour bullish target. The ADX of 31 indicates a weak trend.
On-Chain Context and Risks

The network shows concerning activity metrics, scoring only 40 out of 100. Chain TVL stands at $27.69 million (rank 49), with a 1.68% decline in 24 hours and a 7.96% decline over 7 days. DEX volume of $214,907 in 24h is down severely on a percentage basis, though absolute numbers remain in the hundreds of thousands. The 24-hour fees ($584.70) saw a +72.59% absolute increase, countering the dramatic percentage decline in fees_change_1d_pct. Stablecoin market cap of $39.62 million is up +1.06% in 24h but down -21.50% over 30 days. The divergence between a rising price and declining on-chain fundamentals is a key risk factor.

  • Important nuances: The on-chain score of 40 is significantly below neutral. DEX volume dropped -99.995% in 24h and -21.23% over 7 days. Fees dropped -99.999% in 24h but rose +72.59% over 24h in absolute terms. Stablecoin netflow is negative over 24h (-$740K) and 30 days (-$10.8 million).
Confirmation and Invalidation Triggers
  • Confirmation for bullish bias: A move above the 1-hour target of $0.105 would confirm the higher timeframe bullish setup. Additionally, a break above the 30-minute target of $0.0936 would resolve the short-term conflict in favor of buyers.
  • Confirmation for bearish bias: A break below the 15-minute target of $0.0911 would validate the bearish short-term bias. A move toward the 4-hour target of $0.0825 would confirm the higher timeframe bearish pattern.
  • Invalidation for bullish bias: If the price fails to hold above $0.0911 (15m target), the short-term bullish scenario would be invalidated.
  • Invalidation for bearish bias: A rally above $0.0936 (30m target) would invalidate the bearish short-term outlook.
Short-Term and Long-Term Read

Short-term (days to weeks): The data leans toward a cautious interpretation. The 15-minute and 30-minute charts are in direct opposition (bearish target of $0.0911 vs. bullish target of $0.0936), creating a tight trading range. The 1-hour chart offers a distant bullish target of $0.105, but the pattern score is barely above neutral. The on-chain data shows declining network activity, which undermines confidence in a sustained rally. The setup does not yet support an aggressive short-term position; price needs to resolve the $0.0911-$0.0936 zone to provide clearer direction.

Long-term (weeks to months): The data is mixed but leans slightly bearish. The 4-hour chart, with its long-term structure, points to a target of $0.0825, though the pattern score is neutral at 50. The declining chain TVL (-7.96% over 7 days), sustained DEX volume drops, and negative stablecoin netflows over 30 days suggest fundamental headwinds. The overall on-chain score of 40 reinforces this view. A cautious interpretation is that the long-term setup does not yet support a bullish thesis, and the price may face downward pressure unless on-chain activity recovers.

Explore more data for Algorand.

Overall Score
39/100
x
Sell

Combined signal across available data layers.

Timeframe map
Read the signal from D1 to M30
D1 answers whether the environment supports the idea. H1 defines the active setup. M30 is only for execution and should not overturn the daily context.
Evidence, not decoration
Why the rating is 39/100
“Rating pressure” is an estimated direction versus a neutral score of 50. It is deliberately not shown as an exact model weight.

Statistics

24h price change

-1.13%

Analysis coverage

6 timeframes

Data layers

6 independent scores