Expectations were high when Argentina’s football team kicked off its World Cup match against Saudi Arabia on Tuesday. It was my life. The match ended in a shock 21 defeat for him, with Messi & Co. only saving face in a stadium filled with bewildered fans. It took very little time for losses to permeate the crypto.
The Argentine Football Association Fan Token (ARG/USDT) traded at $7.6 before kickoff. He plummeted to $4.6, showing just how intertwined the speculation about football is. CryptocurrencyTraders use football-related tokens to bet on the success of their favorite teams. A few days before Argentina’s game, ARG peaked at $9.2. At the time of writing, the token is almost half price, he is trading at $5.58. Are tokens bought on dips?
of course, World Cup continues and the Argentinian football team has a chance to redeem itself. The November 26 game will give fans another chance to assess the team. A strong performance puts fans at ease and raises ARG. And vice versa. Betting on tokens can be big with positive outcomes.
ARG Trying To Recover Above $4.5 Support Zone
Technically, ARG token momentum is bearish. The MACD indicator remains in the bullish zone, ARG has been trying to recover since approaching his $4.5 support. However, the uptrend lacks momentum.
Should I buy ARG now?
ARG holds the $4.5 support, indicating that it is not in a sustained bear market. Tokens can go even higher if the fan stays above the key level.
Nonetheless, it should be noted that ARG prices are subject to field factors and speculation. It is nearly impossible to determine with 100% accuracy that on-field events will be positive in boosting his ARG.
Therefore, buying ARG now is highly speculative. $4.5 is a level to watch if you intend to speculate on tokens for football fans.