The Argentine Football Association Fan Token ($ARG) has edged tantalizingly close to the coveted $1 mark, closing today at $0.9894. In the past 24 hours alone, $ARG surged by over 10% at its peak before settling to a still-strong daily gain of 6.28%. With trading activity heating up and momentum building, investors are watching closely to see if this push can break psychological resistance.

With a circulating supply of 8.5 million tokens, $ARG’s current market capitalization now sits at $8.38 million. Over the past week, the token has enjoyed a 16.10% increase, underscoring sustained buying pressure.

Volume Surge Signals Market Confidence

One of the clearest signals of $ARG’s bullish run is its trading volume. In the last 24 hours, volume jumped to $4.88 million — a staggering 71% increase compared to the previous day. Such a sharp uptick in liquidity often points to renewed market confidence and growing participation from both retail traders and fan token enthusiasts.

The chart reflects not only steady upward price movement but also moments of sharp acceleration, including a midday spike that pushed $ARG above $1 briefly before a mild pullback. This type of intraday volatility suggests traders are testing the token’s upper limits while keeping an eye on profit-taking levels.

If $ARG maintains this heightened volume and positive sentiment, breaching the $1 barrier could become less of an “if” and more of a “when.” For many, it’s not just about the number, it’s about the symbolic milestone that can fuel further hype and adoption.

With Fan Tokens often riding waves of sports-related news and events, any positive updates from the Argentine Football Association could act as a catalyst. Until then, $ARG sits just a few cents shy of a level that could turn its recent rally into a full-blown breakout.

E bo Victor: Fantoken Market Reporter