Fantom (FTM) is currently trading inside an important horizontal support area, which could confirm it is providing its past resistance as support and foster a bullish momentum. Bulls would have an advantage if the price bounces because the Relative Strength Index (RSI) also has the potential to support. If validated, the digital asset may reach new heights above $1.10 and potentially higher. The Elliott Wave Theory counts assert that if a jump begins, the two most likely targets to act as the top could be around $0.80 and $1.10, respectively. On the other hand, breaking down of the wave four low (red line) at $0.30 would invalidate the bullish FTM price prediction, resulting in a decline to the $0.20 level. Thus, investors should keep an eye on the support to foresee the possible outcomes for the upcoming weeks.
Emma Myers
- 2023-04-25
Fantom Price Prediction – What’s in Store for FTM Price?
Fantom (FTM) is currently trading in a crucial horizontal support area. If the price bounces, it could rise to $1.10 and higher. On the other hand, a break down of wave four low at $0.30 could invalidate the bullish prediction and result in a decline.
