in Chiliz Fan token of the Argentina National Team listed Argentina Fan Token (ARG)continued its rise with the country reaching the final of the 2022 World Cup.
Argentina, one of the favorite teams of the tournament, traded above $9 on November 18 and slumped to $2.50 due to market conditions and a worse-than-expected start to the group stage.
However, under the leadership of world star Lionel Messi, the national team, which managed to get out of the group stage, approached step by step towards the final. ARG again exceeded $5.20. Argentina Fan Token has gained 7.60% today only.
Traders were hopeful as ARG retraced the $4.50 level from the main resistance levels. The first hurdle in front of the fan token technically is $5.85. If this level is exceeded, investors may expect $7.73 and $9, respectively.
Unchangeable Truth: Expectations are bought, news is sold!
Although the technically rising trend has started again in Argentina Fan Token, it is necessary to pay attention to this increase, which works in all financial instruments. The rise that has started again in the past days is the pricing of Messi’s expectation to lift the trophy. If we look at it from this perspective, we can see a hard sell in ARG with the final whistle blowing in the final.
That’s why traders looking to trade ARG should be extra careful these days.
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