FIFA World Cup 2022: Portugal($POR) VS Argentina($ARG) Who Would Win?

Brian Bollinger
November 21, 2022 Updated June 25, 2025
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
fifa world cup 2022

As the FIFA World Cup dates were closing, several Fan tokens witnessed massive gains last week. Thus, some of the most followed football teams,i.e., the Portugal(POR) and Argentina(ARG) Fan Token, doubled during this sudden bull run. 

Though with the rising selling pressure in the crypto market, these crypto coins are experiencing a correction phase, we’ll use the technical analysis to determine their potential growth.

Portugal National Team Fan Token (POR) 

Portugal National Team Fan Token (POR)Source- Tradingview

On November 10th, the Portugal National Team Fan Token (POR) bounced back from the $3.3 support and surged 122% higher to $7.4. Moreover, this bullish recovery breached the last swing high resistance of $5.63, offering a strong footing for buyers to extend the price rally.

The post-rally retracement and increasing selling pressure in the crypto market triggered a significant correction in POR price. Over the past four days, the fan token has dropped 41.4% and plunged below the combined support of $4.6 and 0.618 Fibonacci retracement level.

If the daily candle closes below the $4.6 floor, the support breakdown will encourage further downfall to $4 psychological support.

However, the lower price rejection attached to the daily candle suggests the buyers are trying to regain trend control. If the coin price sustains above the $4.6 mark by the day ends, the buyers could attempt to regain higher ground.

Argentine Football Association Fan Token (ARG)

Argentine Football Association Fan Token (ARG)Source- Tradingview

During the recovery phase in Fan tokens, the ARG price jumped from the $4.26 to $9.25 mark. This bull run registered 117.5% and breached a crucial resistance of $7.6-$7.4.

However, the buyers were unable to sustain above the breached resistance, resulting in a massive breakdown from the $7.4 mark. This fake breakout scenario should accelerate the selling pressure and plunge below $5.8.

On a contrary note, the long-rejection candle rebounded from $5.83, indicating the buyers are defending this support. Thus, if the coin price sustains above the aforementioned support, a possible bullish reversal could encourage buyers to reclaim the $4.6 mark.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
From the past 5 years I am working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. Reach out to me at brian (at) coingape.com
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.