Inter Milan fan token soars after Champions League win over Barcelona FC

Key takeaways:Inter Milan Fan Token jumped 10.5% after beating Barcelona, showing a direct price correlation with match outcomes.PSG and AFC fan tokens signal breakout patterns ahead of the Champions League semifinal.Crypto betting odds favor PSG over Inter Milan, influencing fan token trading volumes and short-term price setups.The Inter Milan Fan Token ($INTER) rallied sharply after Inter Milan’s 4-3 victory over Barcelona FC in the Champions League semi-final on May 6, rising nearly 10.50% on match day and maintaining gains at $1.19 as of May 7.Fan tokens are digital assets that holders, fans of a specific sports team, club or player, own and derive value from. INTER/USD daily price chart. Source: TradingViewINTER’s price correlates with match outcomesHourly price data showed extreme volatility as the match unfolded. $INTER dropped more than 20% during the game within the hour when the score was tied 3–3 around 20:33 UTC. It rebounded by over 30% in the next hour following Inter Milan’s extra-time winning goal. Both hourly candlesticks accompanied more substantial trading volumes.INTER/USD hourly price chart. Source: TradingViewThe live price swings reflected real-time speculative trading responding to scoreline changes, enforcing the direct correlation between fan token valuations and match outcomes.A similar correlation was visible on the Barcelona Fan Token ($BAR) charts. The BAR price dropped 19.50% on May 6, with its hourly candlesticks showing about 13.50% gains when it tied 3-3 with Inter and a sharp 20.75% drop after losing the game in the next hour.BAR/USDT hourly price chart. Source: TradingViewParis Saint-Germain favorite to beat Arsenal, InterInter Milan will likely play Paris Saint-Germain (PSG) in the final match, according to Polymarket’s crypto betting data, if the latter beats Arsenal in the semi-final on May 7. 47.1% of bettors favor PSG winning the final on May 31, with Inter and Arsenal trailing with 38.60% and 13% odds. Champion League winner odds data. Source: PolymarketTrading volumes of Paris Saint-Germain Fan Token ($PSG) and Arsenal Fan Token ($AFC) have soared ahead of their standoff, up about 100% and 200% in the last 24 hours, respectively. Prices are relatively stable ahead of the game, which indicates decisiveness among traders if coupled with rising volumes. This could result in high price volatility during the game, similar to what INTER and BAR witnessed on May 6. AFC and PSG tokens price and volumes (24 hours). Source: CoinMarketCapINTER, PSG, AFC fan tokens price outlookLike the INTER token, PSG will likely rise in price if it beats Arsenal in the semi-final.That may assist the token in breaking out of its prevailing ascending triangle pattern to reach $3, up about 10% from the current price levels. PSG last tested the $3 level on Jan. 23, a day after it defeated Manchester City by 4-2 in the Champions League.PSG/USD four-hour price chart. Source: TradingViewIn the event of a loss, PSG’s price risks a decline toward its 50-4H exponential moving average (50-4H EMA; the red wave) at $2.48 and 200-4H EMA (the blue wave) at $2.23. AFC cup-and-handle suggests 17% gains AFC’s token price can rally 17% to $0.77 if Arsenal beats PSG on May 7. The upside target is derived from AFC’s prevailing cup-and-handle pattern, a classic bullish reversal setup.Arsenal’s loss, on the other hand, can push AFC’s price toward its 50-4H exponential moving average (50-4H EMA; the red wave) support at around $0.63, with the 200-4H EMA (the blue wave) near $0.56 serving as the primary downside target.AFC/USDT four-hour price chart. Source: TradingViewThese targets are down approximately 5% and 15% from the current levels.INTER’s next move depends on PSG vs. ArsenalINTER’s latest rally brought its price to a key resistance area that served as solid support from December 2024 to January 2025. This area coincides with the $1.14-1.19 range.Related: Is it a bull or bear market? How to tell the differenceTechnically, it’s probable that INTER consolidates between the range as resistance and its 200-day EMA (the blue wave) at around $1.07 as support. INTER/USDT daily price chart. Source: TradingViewA Paris Saint-Germain win may push INTER’s price below the 200-4H support to test the 50-day EMA (the red wave) around $0.89 as the downside target. A loss against Arsenal, on the other hand, could improve Inter Milan’s odds of winning the Champions League, resulting in a speculative rise above the $1.14-1.19 range. The next probable target in such a case is around $1.27, which served as resistance in January.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Weiter zum vollständigen Artikel bei Cointelegraph Weiter zum vollständigen Artikel bei CointelegraphWeiter zum vollständigen Artikel bei Cointelegraph Weiter zum vollständigen Artikel bei Cointelegraph