Investors Anticipate New Highs As $IBFK Moves Over 20% Towards Resistance Zone

Autor: Victor Ebo

The İstanbul Başakşehir Fan Token ($IBFK) is gaining traction again, rallying over 20% this month as bullish sentiment grows among investors ahead of the new season.

At the time of writing, the token was trading at $0.05664 with a salty trading volume of $84,170.11, a minimal 0.58% uptick in the previous day. Although $IBFK recently recorded a 0.77% decline in the previous, a 20% increase has propelled the token closer to a key resistance zone. 

Bullish Momentum Building Ahead of Kick-Off

IBFK’s recent chart shows a steady uptrend since late June, with notable upward spikes near the end of the month and again in mid-July. After reaching above $0.07, the token corrected slightly but found support around $0.055, where it has remained relatively stable.

This move suggests growing confidence among holders and traders, likely fueled by preseason excitement and increased club activity. Volume is also ticking higher, with a 3.5% daily jump indicating more buying pressure and renewed attention.

With a circulating supply of 1.4 million tokens and a modest market cap of $79,142.57, IBFK could see stronger price action if fan engagement campaigns or league announcements drive demand higher. A clear breakout above the current resistance range may open the door for a new 2025 high.