ALGO price in danger of 25% correction despite Algorand–FIFA partnership hype. Algorand (ALGO) prices rallied higher on May 3 after becoming FIFA's official blockchain solution provider. Nonetheless, the ALGO/USD pair continues to face selloff risks. ALGO's price jumped 20% to $0.74, its highest level since April 22. Its move upside came as a part of a broader rebound that started April 30, gaining 37.5% in just three days of trading. As visible in the chart above, a large portion of the ALGO's upside move took cues from FIFA's announcement. Late on May 2, the official football governing body revealed that it had teamed up with Algorand to develop its "digital assets strategy," beginning with a wallet solution. It also confirmed making Algorand its "regional supporter" in North America and Europe during the next football World Cup in Qatar in November and a FIFA Women’s World Cup Australia and New Zealand 2023™ Official Sponsor.
The long tail on Sep. 7 shows that bulls aggressively bought the dip to the 50-day SMA ($1.10). Strong buying on Sep. 8 propelled Algorand (ALGO) above the stiff overhead resistance at $1.84. The bears tried to trap the bulls by sinking the price below the breakout level at $1.84 on Sep. 10 but the buyers had other plans. The ALGO/USDT pair has rebounded off the support with strength today and bulls are currently attempting to thrust the price above $2.49. If they succeed, the pair could resume the uptrend with the first target on the upside at $3 and then $3.32. On the contrary, if the price once again turns down from $2.49, the pair could drop to $1.84 and stay range-bound between these two levels for the next few days. A break and close below $1.84 will suggest that the current breakout was a bull trap. The pair could then slide to $1.60. The 4-hour chart shows that bears are defending the overhead resistance at $2.49. If sellers pull the price below $2.30, the pair could again slide to the breakout level at $1.84. A bounce off this support could suggest a range-bound action for some time. If bulls do not give up much ground from the current levels, it will increase the possibility of a break above $2.49. If buyers sustain the breakout, it could signal the resumption of the uptrend.
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Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 91.2% | 13 | $62 793.69 | 1.91% | -0.58% | $1 236 899 321 913 |  |
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| 2 |  ETH |
Ethereum predictions | 88% | 20 | $2 941.76 | 0.05% | -4.31% | $353 344 168 929 |  |
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| 3 |  USDT |
Tether predictions | 94.8% | 1 | $0.999832 | 0.02% | -0.02% | $110 821 326 083 |  |
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| 4 |  BNB |
Binance Coin predictions | 90% | 15 | $593.23 | -0.95% | 0.87% | $87 553 309 099 |  |
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| 5 |  SOL |
Solana predictions | 80.8% | 29 | $147.16 | 1.22% | -3.11% | $66 005 930 157 |  |
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| 6 |  USDC |
USD Coin predictions | 91.2% | 1 | $1.000073 | 0.01% | 0.01% | $33 108 905 954 |  |
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| 7 |  XRP |
XRP predictions | 90.4% | 14 | $0.507253 | 0.74% | -8.15% | $28 081 106 912 |  |
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| 8 |  TON |
Toncoin predictions | 71.2% | 54 | $7.31 | 4.45% | 24.74% | $25 406 881 022 |  |
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| 9 |  DOGE |
Dogecoin predictions | 79.2% | 34 | $0.150948 | 6.04% | -2.75% | $21 778 100 769 |  |
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| 10 |  ADA |
Cardano predictions | 86% | 17 | $0.442027 | 0.31% | -4.03% | $15 766 268 626 |  |
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| 11 |  SHIB |
SHIBA INU predictions | 76% | 45 | $0.000024 | 5.49% | -1.32% | $14 009 522 166 |  |
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| 12 |  AVAX |
Avalanche predictions | 82.4% | 33 | $32.78 | -2.77% | -11.79% | $12 508 599 533 |  |
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| 13 |  WTRX |
Wrapped TRON predictions | 82.4% | 34 | $0.126222 | -0.36% | 6.06% | $11 041 369 674 |  |
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| 14 |  TRX |
TRON predictions | 82% | 34 | $0.125875 | -0.94% | 5.82% | $11 011 044 418 |  |
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| 15 |  STETH |
Lido stETH predictions | 93.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
