One of the most important techniques in analyzing the price of a coin is the volume of that coin moved in and out from CEX. So for Algorand, we show the daily volume of AlGOs that moved to CEX from 1st Jan 2021 until now.

As we can see the most volume is transferred to the Binance exchange. Also, some peaks occur Which is explained below. In the following chart, we can see the daily volume of ALGOs that moved from each CEX.

By comparing the peaks in the 1st and 2nd charts to the following chart - the historical price of ALGO - we see these peaks simultaneously as price peaks and troughs. This means traders decide to buy or sell a huge amount of AlGO coins, so they move their assets from Wallet to CEX and vice versa.

It is noteworthy that when a large volume enters the CEXs, the price is expected to fall and vice versa.