Since early November, FTM had lost almost 45% of its total value, making it one of the bigger losers of this month. A strong bearish move was to be expected after the massive 20x it made since August.
However, investors did not forget about this coin. A massive buying spree occurred at the $1.9 support area, which held on till today. Since yesterday's lows, FTM has already gained 22% in value, making it one of the biggest reversals of the day.
The next resistance area is the resistance of the bearish channel. In case the price can break out of there, I'd expect a further upside move, targeting $2.37 and $2.5 over the next weeks.
Happy trading!
However, investors did not forget about this coin. A massive buying spree occurred at the $1.9 support area, which held on till today. Since yesterday's lows, FTM has already gained 22% in value, making it one of the biggest reversals of the day.
The next resistance area is the resistance of the bearish channel. In case the price can break out of there, I'd expect a further upside move, targeting $2.37 and $2.5 over the next weeks.
Happy trading!
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