CandleFocus Fantom Targets $1 After Surpassing Key Fibonacci Level
2024-10-16
Author: Content Editor
The article discusses the recent performance of the altcoin Fantom and its potential for a breakout rally. Fantom has surpassed the 50% Fibonacci level and has shown a bullish trend. It is currently trading at $0.7543, and if it continues its momentum, it could potentially reach the $1.00 mark. Technical indicators, such as the MACD and EMAs, support this bullish trend. According to Fibonacci levels, Fantom could reach $1.1442 by the end of the month. However, there is a possibility of a retest of the breakout level at $0.7181.
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