Portugual($POR) VS Brazil ($BFT) Fantoken, Who Would Win? – Crypto News – Crypto News
Connect with us
fifa world cup 2022 fifa world cup 2022

others

Portugual($POR) VS Brazil ($BFT) Fantoken, Who Would Win? – Crypto News

Published

3 years ago

on

As FIFA matches continue in full throttle, the Fan token market remains volatile, providing ample trading opportunities for crypto traders. Thus, with upcoming matches of Portugal svs Ghana at 11:00 am EST and Brazil vs Serbia at 2:00 pm EST, their respective fan token should attract more spotlight from investors.

Today, we’ll analyze Portugal National Team Fan Token (POR) and Brazil National Football Team Fan Token (BFT) in the daily chart for the potential future target.

Portugal National Team Fan Token (POR)

Source- Tradingview

The recent correction phase in the Fan token market dropped the Portugal National Team Fan Token (POR) price from the $7.37 to the $4.32 mark. This V-Top reversal tumbled the price by 37.3%, after which the price retested the 0.618 Fibonacci retracement level.

Over the last few days, the daily chart has shown several Doji-type candles at $4.32 support, suggesting the bearish momentum has been exhausted. However, the buyers tried to take the lead in this uncertainty but failed to surpass $5.2.

As a result, the Portugal National Team Fan Token (POR) token price is currently trading at the $4.7 mark and continues to wobble in a narrow range from $5.2 to $4.62. However, with a higher volume in today’s red candle, the POR price is more likely to break the $4.62 support.

This breakdown could plunge the price by 15% down to $4 psychological support.

Brazil National Football Team Fan Token(BFT)

FIFA: Brazil National Football Team Fan Token(BFT)Source- Tradingview

In response to the downsloping trendline, the Brazil National Football Team Fan Token has been falling for the past two months. On November 24th, the fan tokens witnessed its last reversal from the resistance trendline, which tumbled the price by 38% down to reach its current price of $0.64.

This downfall, backed by sustained volume, indicates high bearish momentum, which prolongs the ongoing downfall. With sustained selling, the Brazil National Football Team Fan Token(BFT) may tumble 27.3% to hit the $0.45 support.

Thus, until the resistance trendline is intact, the BFT price will remain in a bearish trend.

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. raech out to me at brian(at)coingape.com

The content presented may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending