Algorand ( ALGO), with the effect of the partnership he made at the beginning of September, with an increase of approximately 11 percent to the day. on the risestarted.
Standing out in the trends of crypto money markets ALGO started today with a strong rise. The reason for the rise of the project, which is among the most sought after in social media, is being wondered.
ALGO Chart Analysis, Partnership with FIFA Rises
who detonated a big bomb in early September Algorand company had partnered with FIFA, the world’s number one sports organization. As a result of the agreement NFTFIFA, which will use its facilities in all sports activities, will perform its transactions through Algorand.
FIFA organization to take place today Nations League Prior to this, the expectation that ALGO might be exhibited also affected the price action. around the world 1 billion It is expected that ALGO will be featured on the billboards of international football competitions that people will watch. As a result of the excitement and anticipation of the crypto money investor, the ALGO day is approximately 11 percentis on a rise.
How ALGO Spends the Day ALGO Chart Analysis
As the closing time of the cryptocurrency markets approaches, the FIFA organization will be completed in the Nations League. Analysts, suggesting that the general market outlook is bear-oriented, expected that the rise would turn into profit realization towards the close of the market. ALGO, which has reached the level of resistance in the graphic structure, with the completion of the competitions. volatilityviable.
FIFA will continue football competitions for the next 5 days. Although ALGO spends the day with volatility, it will be in this 5-day process. The popular project is expected to remain in an uptrend until the end of the month.
on Cryptopolitan According to the analysis, ALGO, which will spend the day in a bullish trend, can maintain strong support above $ 0.325. Cryptopolitan, who targeted $ 0.369 as a resistance level, stated that the bulls will be hungry once this level is passed. Stating that the bulls will be strong in the ALGO analysis, Cryptopolitan stated that the RSI score is overbought.
Cryptopolitan ALGO analysis He stated that the bulls are keen on the daily and the four-day, the price movements are voluminous significantly, but they are waiting for a correction. Stating that the correction cannot break the support levels, the analyst said ALGO’s bull run today. will continueHe claimed.
