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May 02, 2023
Algorand slides down from $0.177 to $0.175 today, losing $0.002 (1.03%).
- Algorand is currently trading at $0.175 following the release of JOLTs Job Openings (Mar) data from the United States.
- Today's losses are adding to a 17 day bearish run, during which Algorand lost $0.058 of its value.
United States ISM Manufacturing PMI (Apr) released yesterday at 14:00 UTC with a figure of 47.1, while the previous figure was 46.3. United States Factory Orders released earlier showed a marked improvement to 0.9% from the preceding data of -1.1%, but fell short of the 1.1% figure forecast by a consensus of market analysts.
Chart analysis indicates Algorand USD could begin to recover as it approaches significant support, now 1 cents away from $0.174. Dipping below could be an indication that further losses are ahead.
United States Crude Oil Inventories is projected to outperform its last figure with -1,000,000. It previously stood at -5 million; data will be released tomorrow at 14:30 UTC. United States Interest Rate figure is projected at 5.25. It previously stood at five; data will be released tomorrow at 18:00 UTC.
FTX Token surges 9.54% to trade around $1.36. UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session. Binance Coin closed at $323.71 (down 1.32%).
Trending downwards for around a month. Approximately 11 months ago, Algorand reached a significant high of $0.749 but has struggled to hold onto its gains and declined 76.35% since then.
