ALGO price technicals hint at 25% drop ahead despite Algorand FIFA partnership news.
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 movecues 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.to celebrate the fifa news. Transferred to my wallet. Before I could even open the pera app is was already there. Smoothest blockchain I’ve been apart of. Algorand in the future.
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