MUMBAI (CoinChapter.com) — Inter Milan Fan Token day chart shows an incredible buying opportunity for day traders with a higher risk appetite. The football club token has been recovering since June, now up over 62% from its local bottom of $1.45. It now serves a similar buying opportunity in December 2023 and early 2024.
Milan Day Chart Analysis
From a technical perspective, Inter Milan Fan token day chart has been fluctuating inside a rising megaphone pattern. In other words, the Inter Milan day chart shows its price forming higher highs and higher lows. As of Dec. 21, it was trading around the pattern’s support trendline near $2.25.
The bounce, if it comes, expects to take the Inter Milan price on the day chart toward the megaphone’s upper trendline. Simply put, the INTER token can rise to $2.75 by New Year’s or January 2024.
Conversely, a decisive close below the Megaphone pattern’s lower trendline could crash Inter Milan to the $1.95-2.00 area on the day chart. This range coincides with INTER’s 200-day exponential moving average (200-day EMA; the green wave) and its resistance levels during the August-September 2023 session.
Inter Milan Football Club Performance
Inter Milan’s gains come on the heels of its amazing performance on the football field in recent months.
Notably, they’ve had some significant victories and a few losses. For example, they achieved a noteworthy win against Napoli with a score of 0-3, indicating a strong performance in that match. However, they also experienced a loss against Bologna, with a score of 1-2, which points to some challenges in their recent games.
It’s important to consider that the performance of a football club can influence the performance of associated fan tokens like Inter Milan. Victories and positive developments within the club can boost investor and fan confidence, potentially affecting the token’s value. Conversely, losses or negative events can have the opposite effect.
