ALGORAND hit the exchanges on Friday, including Binance. The ICO price was $2.40, already sitting around $1.40. That's a 41% drop in 3 days, ouch!
Usually, we see at least 1 nice green candle day during the first 5 days of a new listing. ALGO hasn't had that yet so it could be overdue. This is an extremely speculative play though based upon psychology and zero technicals. I would spread buy orders out in case it goes further. Not for the faint of heart. Good luck!