Is the Argentine Football Association Fan Token (ARG) Worth Hodling?

• ARG has had a ROI of 13 times in the past 5 months.
• As Qatar's 2022 World Cup is approaching, fan tokens will be in high demand.
• ARG shows signs of a future bullish run.

Argentine Football Association Fan Token (ARG) has shown that it was worth investing in after it is listed in CoinGecko’s best gainers in the past 24 hours. Since it attained its present all-time low price of $0.4243 according to CoinGecko on May 12th, 2022, it is presently trading at $6.03 at the time of writing. This represents over 1300% in the past 5 months.

Since Argentina has three matches to play in its Group C in the Qatar 2022 World Cup in November, the impact of the presence of its skipper, Lionel Messi , could impact positively on the price of the ARG token. Lionel Messi’s signing for PSG led to a surge in its social media fan base by over 200%. This same effect could be seen on the price of ARG tokens before and during the Argentine team’s World Cup matches.

The ARG token is presently at the 646th position in the CoinGecko ranking of cryptocurrencies in terms of market capitalization. We should expect a surge in ranking soon as the trading volume is now on the rise. The trading volume of ARG has increased by over 100% in the past 30 days, having moved from $1.41 million on October 1st to over $2.87 million presently. In the past 24 hours, its price has risen by over 23%.

ARG/USDT 1Day Chart Showing the Key Levels Ketner Channel Indicator and The RSI Indicator (Source: ?Tradingview)

The chart above shows the Argentine Football Association Fan Token (ARG) is on a bullish run after forming an inverted head and shoulders at the base of the Kelner Channel. The bullish surge has experienced a breakout above previous higher support levels and is moving towards the resistance level at $6.57. The RSI value of 83.07 shows that the present price is within the overbought region since it is within the 70 and 100 RSI values.?

As the 2022 Qatar World Cup approaches, it is expected that the ARG token will break higher psychological resistance and surpass its current all-time high (ATH) price of $8.34, which was reached on July 9th, 2021.?

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