Fantom (FTM) has experienced a significant bullish run, with its price surging by 47.36% in November alone. It reached the $1 mark and analysts predict further upside toward $1.20 with the upcoming migration to the Sonic token. The rally is part of a larger bullish trend that began in August, and the price surge has been accompanied by increased trading volume and a rise in the market value to realized value (MVRV) ratio. However, an MVRV ratio above 2 could signal overvaluation, and the 14-day RSI approaching the 70 level also indicates a potential trend reversal. Traders should monitor key support and resistance levels, with significant resistance at $1.15 and critical support at $0.76. The upcoming migration to Sonic is expected to bring improvements to the Fantom ecosystem and further drive price action. Overall, the outlook for Fantom remains positive, but caution is advised regarding potential pullbacks.



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