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AS Roma Fan Token

<p><a href="https://coinmarketcap.com/currencies/as-roma-fan-token/" target="_blank" rel="noopener noreferrer nofollow">AS Roma Fan Token (ASR) </a>has pumped by 25% today; however, the reason for the pump is not obvious. What can be noticed is that the price seems to be retracing after some recent bearish moves.&nbsp;</p>
<p>The bullish move may be cut short by various factors that include the following:</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="484" src="https://captainaltcoin.com/wp-content/uploads/2024/07/image-306-1024x484.png" alt="" class="wp-image-523770" srcset="https://captainaltcoin.com/wp-content/uploads/2024/07/image-306-1024x484.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-306-300x142.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-306-768x363.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-306-1536x726.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-306-2048x968.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-306-317x150.png 317w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-306-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-306-740x350.png 740w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-306-788x372.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-306.png 1963w" sizes="(max-width: 1024px) 100vw, 1024px">
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<ol>
 <li>Fan tokens do not usually have long rallies. They sometimes spike briefly based on the hype around them and eventually die out.&nbsp;</li>
 <li>There is an overhead 50-SMA resistance above the price that can serve as a resistance to further price growth.</li>
 <li>The price has been under a descending trendline since the beginning of April, and we cannot expect any major price increase until the resistance breaks.&nbsp;</li>
</ol>
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<p><strong><em>Read Also: <a href="https://captainaltcoin.com/pepe-unchained-generates-3m-in-just-over-two-weeks-1-day-left-before-price-increases/" target="_blank" rel="noopener noreferrer nofollow">Pepe Unchained Generates $3M in Just Over Two Weeks – 1 Day Left Before Price Increases!</a></em></strong></p>
<h2 class="wp-block-heading" id="io-net-breaks-out-of-the-descending-channel">io.net Breaks Out of the Descending Channel&nbsp;</h2>
<p>io.net, on the other hand, is preparing for the next leg up with its price spiking by more than 30% in the past 3 days. IO has finally broken out of a descending channel, and we may see a bullish continuation for some days.&nbsp;</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="484" src="https://captainaltcoin.com/wp-content/uploads/2024/07/image-305-1024x484.png" alt="" class="wp-image-523762" srcset="https://captainaltcoin.com/wp-content/uploads/2024/07/image-305-1024x484.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-305-300x142.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-305-768x363.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-305-1536x726.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-305-2048x968.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-305-317x150.png 317w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-305-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-305-740x350.png 740w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-305-788x372.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-305.png 1963w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><a href="https://x.com/decilizer/status/1811347170693689762" target="_blank" rel="noopener noreferrer nofollow">Crypto analyst Decilizer</a>, commenting about the price of IO, said the price looks bullish after taking support at around $2. The analyst expects a spike to around $3.8. He aspects Bitcoin to rally Bitcoin price rally could support. The last Bitcoin price rally caused IO’s price to spike by around 120%.</p>
<p>Typically, after a descending trendline breakout, price spikes to the top of the channel. If that happens in this case, IO could spike to $6, which is around a 140% spike from the current level.</p>
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<p>The post <a href="https://captainaltcoin.com/as-roma-fan-token-asr-and-io-net-io-crypto-prices-pumping-heres-why/" rel="noopener noreferrer nofollow">AS Roma Fan Token (ASR) and io.net (IO) Crypto Prices Pumping; Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

AS Roma Fan Token (ASR) and io.net (IO) Crypto Prices Pumping; Here’s Why

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