{"id":489710,"date":"2022-05-05T01:00:18","date_gmt":"2022-05-05T01:00:18","guid":{"rendered":"https:\/\/wncen.com\/?p=489710"},"modified":"2022-05-04T20:13:58","modified_gmt":"2022-05-04T20:13:58","slug":"amidst-a-new-development-algorand-could-be-eyeing-1","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/amidst-a-new-development-algorand-could-be-eyeing-1\/","title":{"rendered":"Amidst A New Development Algorand Could Be Eyeing $1"},"content":{"rendered":"
Algorand is currently bullish on its chart at the time of writing. Fifa’s governing body announced Algorand to be the official blockchain partner of the World Cup competition. It is set to happen in November. Ever since that announcement, the coin displayed positive price action.<\/p>\n
After the coin fell through its long-standing support line of $0.66, the traders could have used that opportunity as an entry point. The news of Fifa’s World Cup news snatched that opportunity away from traders.<\/p>\n
In a matter of a day, the coin soared by almost 14%. Algorand has broken past its immediate price ceilings and could aim for other resistances with persistent bullish price action. Buying strength has registered substantial growth owing to the new development.<\/p>\n