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The Football Fan token witnessed significant downfall and volatility since the FIFA world cup began. However, as these matches continue, the fan tokens’ of winning teams are expected to receive more love from football enthusiasts, which could result in growth in the associated token price.
Thus, today will analyze some of the top team’s fan tokens which hold significant growth potential as FIFA goes into full throttle.
Portugal National Team Fan Token(POR)
Source- Tradingview
The Portugal National Team Fan Token(POR) witnessed a significant downfall within a fortnight. From the $6.52 resistance, the fan token dropped 51.5% and revisited the $3.15 monthly support.
Previously the aforementioned support has bolstered the October-end and Mid-November rallies. The coin price currently trades at $3.19 and tries to sustain the mentioned support. If the bullish momentum is replenished at this support, the coin holder may witness another reversal.
A bullish reversal to surpass the $4 mark will give additional confirmation for price recovery.
Conversely, a daily candle closing below the $3.15 support will prolong the correction to the $2.5 mark.
Paris Saint-Germain Fan Token(PSG)
Source- Tradingview
The Paris Saint-Germain Fan Token(PSG) daily technical chart shows a textbook trading set-up of a downsloping trendline. Over the past four months, this football fan token has steadily fallen under the influence of the resistance trendline. The multiple retests to this trendline indicate the sellers are actively selling at their dynamic resistance.
However, a bullish divergence in the daily-RSI slope shows increasing buying pressure at lower levels. If the market scenario improves, the possible breakout from the overhead trendline will suggest the market sentiment has shifted from selling on rallies to buying on dips.
To its full extent, this pattern breakout could lead a bull run to the $10 mark.
Argentine Football Association Fan Token(ARG)
Source-Tradingview
On November 27th, the Argentine Football Association Fan Token(ARG) price gave a bearish breakdown from a crucial accumulation zone of $4.5-$4.2. This breakdown indicates the rising bearish momentum and further downfall in pieces.
However, the daily RSI is on the verge of entering the oversold region, suggest selling activity has been actively overextended. Moreover, the prices are expected to trigger a minor bullish reversal to retest the breached support.
The token price currently trades at $3.68, and if the sellers manage to sustain an ARG price below $4.2 flipped resistance, the post-restest downfall could push the fan token to $4.2.
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