Fantom (FTM) experts share new analysis: Caution is advised

Fantom (FTM), known for its high throughput, is the focus of this analysis. We focus on FTM’s price forecast for the coming period with insights from our premium environment.

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Technical Analysis Phantom (FTM)

Fantom seems to have managed an impressive turnaround recently, but that may just be an illusion. Crypto Insiders analysts explained the following to all members in the premium environment:

“FTM has been in a downtrend since the beginning of this month, but recently we have seen an interesting price reversal. This change occurred in the lower blue area, between the 161.8% and 127.2% Fibonacci levels, or $0.28 and $0.32.

From this point on we have seen an upward movement, but It is important to remain cautious and not become optimistic too quickly. The current rise follows a corrective ABC Elliott wave pattern. This means that this uptrend may be temporary in nature.

We therefore expect the price to decline again from the blue zones between $0.43 and $0.48. We therefore remain pessimistic about Fantom for the foreseeable future.”

Date of analysis: February 22nd. Link to trading view:

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