At a time when the crowds were celebrating the victory, the market was moving against expectations!
The price of the Barcelona supporters' currency (BAR/USDT) dropped by more than 8.6% in 24 hours, despite the team's victory in the Clasico.
So what are the reasons?
Technical Analysis:
• The price broke an important support level at $2.00 and turned into resistance.
• The price is still below the moving averages MA25 and MA99, reflecting continued selling pressure.
• RSI indicates some recovery (RSI 6 at 53), but the overall momentum is still weak.
• The last recorded low was at $1.828, which is a level to watch; a break below this could push the price further down.
Behavioral Analysis:
• The market anticipated the result: many traders entered before the match and expected a win, and when it happened, they began to sell and take profits.
• "Buy the rumor, sell the news": this behavior is very common in event-driven currency markets.
• Large investors may have taken advantage of the temporary price increase to offload large quantities.
Important note:
Match results are not always a strong enough catalyst for price rises; the stronger influence comes from:
• New partnerships
• Marketing campaigns
• Increased usage of the currency in the ecosystem (like Socios)
Recommendation for investors:
Follow technical indicators and psychological levels like $1.80 and $2.00, and do not rely solely on emotions or news for your decisions.
