Arsenal Fan Token is seeing fresh momentum in trading activity after the club extended its flawless Champions League campaign. $AFC is priced at $0.3809, reflecting a small daily slip of -0.42% and a -6.83% drop over the past week.

Even with the weaker price action, daily volume surged to $1,217,812, marking a sharp 137.40% rise as interest strengthened following Arsenal’s seventh straight win in Europe.

Arsenal Tighten Grip on Knockout Qualification

Arsenal’s confidence in Europe continues to grow after a dominant 3-0 win away at Club Brugge. Noni Madueke was the star of the show with a brace, followed by a goal from Martinelli to seal the win for the Gunners.

Meanwhile, Gabriel Martinelli became the first Arsenal player to score in five straight Champions League matches. The win places Arsenal among elite clubs like Manchester United, Leeds, Liverpool and Manchester City as the only English teams to win their first six European Cup games. With a six point cushion over ninth-placed Liverpool and a goal difference advantage of 13, the club is comfortably positioned to secure automatic progression to the last sixteen.

Price Action Softens as $AFC Trades Near Weekly Support

The weekly chart indicates increased buying pressure on $AFC, as the token briefly retraced during this period. The token started the week trading around $0.41, but the price sharply declined to $0.40. Then on the sixth day, there was a steep downward movement, which saw the price at $0.37, which the price action appeared to consolidate around for a time.

A brief uptick on day seven saw the price rise to $0.39 before dropping immediately. Looking at the recent price action, the price has been struggling to stabilize between $0.38 and $0.382, which shows there is buying pressure, but it is likely that there is accumulation going on, waiting for an upward breakout.

The volume spikes in the middle of the chart align with the most significant downward swing, suggesting that much of the current interest is driven by reactive trading rather than bullish conviction. Still, the sudden 137.40% jump in daily volume hints that more traders are watching the token closely as Arsenal continues its impressive run in Europe.

Fans Turn Their Attention to the Knockout Phase

Arsenal’s latest win in the Champions League has set them on course for the knock out phase with just two games left to play. Thus, fans and supporters are already confident of the club’s qualifications and advancement beyond the knockout phases given the club’s outstanding performances so far. Madueke’s emergence, Martinelli’s scoring streak and the team’s growing confidence have all added energy to the fan base at a key moment in the season.

Ebo Victor

Fantoken Market Reporter