Oct. 20 Algorand Snapshot Was Above Same-Day Forecast Maximum

Algorand (ALGO) was quoted at $0.112879 at 1:43 p.m. ET (17:43 UTC) Oct. 20, giving a point-in-time reading for comparison with the month's forecast.

The quote was up 4.11% from 24 hours earlier. Over that period, ALGO traded between $0.1078974 and $0.1139275. The October forecast listed a $0.103 minimum and a $0.106 average alongside its $0.109 maximum.

The comparison pairs a market reading from one moment with estimates for a full month. It does not show how long ALGO traded above $0.109.

The Oct. 20 price check was higher than the $0.109 maximum listed in the forecast dated Oct. 20.

An earlier recovery scenario focused on a possible retest of $0.105. It made a confirmed bounce after the retest a condition for potential upside levels of $0.145, $0.240, $0.335 and $0.615. The scenario gave no deadlines for those levels.

ALGO’s low of $0.1078974 over the 24 hours ending at the Oct. 20 price check remained above $0.105. That trading range therefore did not include the proposed retest, regardless of how the same-day price compared with the October forecast.