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Algorand (ALGO) Quote Rises 1.51% as Oct. 20 USD Close Trails 20-Day Average

By 20:19 UTC, ALGO had ranged from 0.1113 to 0.1168 against Tether (USDT) on Oct. 21; the UTC day had not yet closed.

Updated 1 min read
A price marker sits below a reference line in a restrained cryptocurrency market graphic. / EconoTimes.ai
A price marker sits below a reference line in a restrained cryptocurrency market graphic. / EconoTimes.ai

At 4:19 p.m. ET (20:19 UTC) Wednesday, ALGO was quoted at 0.1145 USDT after a 1.51% 24-hour gain; its Oct. 20 USD close was still below the 20-day average.

By that time, the Oct. 21 UTC session had ranged from 0.1113 to 0.1168 USDT. Because the UTC day was still in progress, the quote did not represent a completed daily close.

The daily USD close for Oct. 20 was $0.113680, compared with $0.109897 on Oct. 19. Its 20-day average through Oct. 20 was about $0.1197, leaving the latest completed close below that level. Before the Oct. 21 reading, ALGO’s most recent UTC close above $0.12 came on Oct. 11, at $0.126235.

An earlier EconoTimes price check listed an ALGO price of $0.11146 on Oct. 17.

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