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 | Volume 24h | |
| 1 |  BTC |
Bitcoin predictions | 79.2% | 41 | $42 031.59 | -3.48% | -2.59% | $791 393 954 252 | $31 747 117 181 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 70.4% | 56 | $2 918.83 | -5.04% | -3.78% | $343 568 213 349 | $17 440 054 934 | |
| 3 |  USDT |
Tether predictions | 90.8% | 1 | $1.000459 | -0.02% | 0.01% | $68 574 589 302 | $69 040 305 714 | |
| 4 |  ADA |
Cardano predictions | 65.2% | 70 | $2.12 | -3.86% | -2.03% | $67 842 308 406 | $2 790 874 402 | |
| 5 |  BNB |
Binance Coin predictions | 72.8% | 59 | $341.96 | -1.79% | -7.48% | $57 495 736 706 | $1 499 392 995 | |
| 6 |  XRP |
XRP predictions | 74.4% | 50 | $0.930539 | -2.70% | -0.96% | $43 472 608 125 | $2 798 278 933 | |
| 7 |  SOL |
Solana predictions | 67.6% | 68 | $134.46 | -7.35% | -4.28% | $39 991 503 535 | $2 559 971 396 | |
| 8 |  USDC |
USD Coin predictions | 91.6% | 1 | $1.000432 | 0% | 0.01% | $31 274 186 323 | $3 304 747 454 | |
| 9 |  DOT |
Polkadot predictions | 69.6% | 68 | $27.75 | -3.90% | -5.26% | $27 404 751 396 | $1 534 718 165 | |
| 10 |  DOGE |
Dogecoin predictions | 71.2% | 63 | $0.200627 | -1.87% | -6.10% | $26 377 191 591 | $850 603 349 | |
| 11 |  UNI |
UniSwap predictions | 67.6% | 68 | $24.35 | 1.57% | 14.50% | $14 894 976 126 | $1 220 639 004 | |
| 12 |  AVAX |
Avalanche predictions | 58.8% | 84 | $66.26 | -7.62% | 2.41% | $14 596 076 840 | $1 012 955 214 | |
| 13 |  LUNA |
Terra predictions | 71.2% | 60 | $35.29 | -4.09% | 24.68% | $14 110 398 958 | $1 562 373 257 | |
| 14 |  BUSD |
Binance USD predictions | 95.2% | 1 | $1.000438 | 0.02% | -0.01% | $13 532 008 893 | $4 826 393 143 | |
| 15 |  LINK |
Chainlink predictions | 68% | 70 | $23.39 | -2.95% | -1.74% | $10 644 298 254 | $1 068 673 199 |
