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.
* Crypto Rating accepts no liability for content of the Algorand reviews made by the site users. The entire responsibility for the contents rests with the authors.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 73.2% | 55 | $42 798.37 | -0.61% | 1.96% | $810 244 910 076 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 68% | 68 | $3 288.08 | -0.93% | 4.18% | $391 908 921 176 |  |
|
| 3 |  BNB |
Binance Coin predictions | 70.4% | 52 | $486.03 | -1.28% | 10.69% | $81 070 817 335 |  |
|
| 4 |  USDT |
Tether predictions | 96% | 1 | $1.000293 | -0.01% | 0.02% | $78 422 507 589 |  |
|
| 5 |  ADA |
Cardano predictions | 75.6% | 52 | $1.47 | 9.41% | 26.14% | $49 180 930 341 |  |
|
| 6 |  USDC |
USD Coin predictions | 95.6% | 1 | $0.999403 | -0.03% | -0.13% | $45 444 626 250 |  |
|
| 7 |  SOL |
Solana predictions | 65.6% | 78 | $143.58 | -2.42% | 2.15% | $45 085 165 160 |  |
|
| 8 |  XRP |
XRP predictions | 71.6% | 58 | $0.770542 | -1.02% | 2.14% | $36 726 427 109 |  |
|
| 9 |  LUNA |
Terra predictions | 70% | 59 | $83.96 | -2.70% | 15.15% | $30 105 929 387 |  |
|
| 10 |  DOT |
Polkadot predictions | 71.6% | 53 | $26.64 | -5.58% | 6.85% | $26 304 651 272 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 76.8% | 46 | $0.171858 | -4.91% | 13.62% | $22 800 590 095 |  |
|
| 12 |  AVAX |
Avalanche predictions | 63.6% | 76 | $90.03 | -2.50% | 1.10% | $21 999 747 677 |  |
|
| 13 |  MATIC |
Polygon predictions | 71.6% | 54 | $2.40 | 2.86% | 13.87% | $17 560 566 970 |  |
|
| 14 |  SHIB |
SHIBA INU predictions | 70% | 59 | $0.000029 | -3.15% | 3.87% | $16 190 359 531 |  |
|
| 15 |  BUSD |
Binance USD predictions | 94% | 1 | $1.000887 | -0.02% | -0.04% | $14 460 011 930 |  |
