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 | 59.2% | 81 | $16 874.70 | 3.65% | 1.89% | $324 337 050 706 |  |
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| 2 |  ETH |
Ethereum predictions | 61.6% | 79 | $1 266.25 | 6.98% | 8.69% | $154 955 601 290 |  |
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| 3 |  USDT |
Tether predictions | 93.6% | 1 | $0.999728 | 0.01% | 0.07% | $65 344 934 206 |  |
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| 4 |  BNB |
Binance Coin predictions | 68.4% | 65 | $296.30 | -0.06% | 8.15% | $47 398 738 411 |  |
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| 5 |  USDC |
USD Coin predictions | 90.8% | 1 | $0.999939 | -0.03% | -0.04% | $43 268 973 600 |  |
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| 6 |  BUSD |
Binance USD predictions | 92.8% | 1 | $1.000196 | 0.03% | -0.09% | $22 374 674 909 |  |
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| 7 |  XRP |
XRP predictions | 66% | 66 | $0.401945 | 4.59% | 6.55% | $20 213 805 129 |  |
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| 8 |  DOGE |
Dogecoin predictions | 57.2% | 85 | $0.106316 | 5.04% | 30.08% | $14 104 970 590 |  |
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| 9 |  ADA |
Cardano predictions | 60.4% | 81 | $0.313237 | 1.61% | -1.08% | $10 787 813 925 |  |
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| 10 |  STETH |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
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| 11 |  MATIC |
Polygon predictions | 64.8% | 72 | $0.859004 | 3.26% | -0.55% | $7 502 809 463 |  |
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| 12 |  DOT |
Polkadot predictions | 65.6% | 67 | $5.39 | 4.32% | -0.09% | $6 145 246 302 |  |
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| 13 |  DAI |
Dai predictions | 91.2% | 1 | $0.999629 | -0.07% | -0.19% | $5 639 262 730 |  |
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| 14 |  LTC |
Litecoin predictions | 66% | 74 | $78.44 | 3.69% | -3.79% | $5 626 037 116 |  |
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| 15 |  WTRX |
Wrapped TRON predictions | 66.4% | 66 | $0.053898 | 1.37% | 5.61% | $5 480 160 672 |  |
