CandleFocus

Fantom Crypto Stuck In Range: What’s The Timeline For A Shift?

Author: Content Editor
The Fantom crypto has been trading sideways for the past three weeks, but there are signs of an impending breakout. The price has been holding above key support levels and recently showed a recovery from a demand zone. There are bullish indicators, such as a golden crossover and positive investor sentiment, suggesting that the price could soon break out of its current range and rally upwards. Analysts predict that the price could reach $1 in the near future. The recent surge in price and increasing accumulation by investors indicate potential for further upside. However, a confirmed bullish rally will only happen if the price breaks above the $0.7100 level. The current price distribution shows that a significant number of holders are making a profit, but there are also holders facing unrealized losses. Open interest has increased, indicating ongoing buildup activity, and the funding rate suggests demand for long positions. Support levels to watch out for are $0.6500 and $0.6300, while resistance levels are $0.7200 and $0.7600.

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