A crypto analyst highlights the bullish potential of the ACM token, projecting significant growth with technical confirmation above the EMA55.
Fan tokens like ACM show promising long-term opportunities, emphasizing the accumulation of bottom prices for substantial gains.
AC Milan Fan Token (ACM) is gaining traction in the cryptocurrency market, particularly following a recent analysis by prominent TradingView crypto analyst Alan Santana. Emphasizing its technical signals and potential returns, Santana's insights suggest noteworthy investment potential.
The ACM token is gaining traction with bullish indicators and long-term potential.
In his post, Santana emphasizes that the ACM token is currently trading close to the minimum prices, which he considers the perfect starting point for investors looking to benefit from its long-term development. 'Low prices are good if you are buying, anticipating growth,' he warned against chasing high prices in writing.
Santana points out that by closing above the EMA55 on the weekly chart, ACM has shown strong bullish signals, indicating a confirmed bullish bias. Once this important resistance level is surpassed, short-term expectations are for bullish momentum.
Santana lists two main price targets: an ambitious target of $25, implying a surprising 1,200% potential increase, and a conservative target of $11, with a possible gain of 465%. Although Santana notes the uncertainty about how fan tokens like ACM will perform in a bullish market, he remains hopeful and advises caution.
'We must act cautiously,' he says, urging investors not to overlook the significant growth potential, even at relatively low levels.
This analysis aligns with broader patterns in the fan token market. CNF has reported the significant revaluation potential of JUV, another fan token, which was expected to generate returns of up to 2,350%.
The technical signals of JUV, including the RSI and MACD, have pointed to a trend reversal and accumulation at low prices, indicating bullish divergences. These advancements highlight the growing curiosity about fan tokens, a smaller but expanding part of the crypto economy.
Moreover, our previous report highlighted that Bitcoin Suisse estimates that by 2025 its price will have surpassed $180,000 - $200,000. Ethereum staking ETFs are likely to outpace Bitcoin ETFs, indicating a shift in investor preferences. Additionally, the altcoin market is expected to grow 5 times by early 2025.