Hi guys ๐
As we mentioned in the previous analysis of FTM, a very large volume entered the market and was able to realize the price up to the resistance level of $0.35. Currently, since we examined the fundamental and technical analysis of this currency; It has grown by about 70%.
When the price reached the resistance area of $0.35, sell orders (SELL) were activated by traders, or traders who opened buy orders (BUY) at low levels chose this resistance area as a profit saving area and set the price to Lower levels led.
It is expected that the price will have a short correction or the beginning of a downward trend at these levels. If Phantom is able to stabilize above the 0.30 support level, the next targets could be $0.38, $0.40 and $0.42.
It is possible that the price will correct up to the levels of 0.618 Fibonacci ($0.25).
Sponsorships: $0.30, $0.25
Resistances: $0.35, $0.38, $0.42, $0.50
Arztoday Team ๐
Analyzer โ: AR.Rashidi
As we mentioned in the previous analysis of FTM, a very large volume entered the market and was able to realize the price up to the resistance level of $0.35. Currently, since we examined the fundamental and technical analysis of this currency; It has grown by about 70%.
When the price reached the resistance area of $0.35, sell orders (SELL) were activated by traders, or traders who opened buy orders (BUY) at low levels chose this resistance area as a profit saving area and set the price to Lower levels led.
It is expected that the price will have a short correction or the beginning of a downward trend at these levels. If Phantom is able to stabilize above the 0.30 support level, the next targets could be $0.38, $0.40 and $0.42.
It is possible that the price will correct up to the levels of 0.618 Fibonacci ($0.25).
Sponsorships: $0.30, $0.25
Resistances: $0.35, $0.38, $0.42, $0.50
Arztoday Team ๐
Analyzer โ: AR.Rashidi
