Fantom (FTM) price has displayed a decisive breakout from a falling channel in a broader time frame. It has gained around 30% after the breakout.
The Fantom price triggered a pullback in the first week of October. However, it couldn’t remain bullish for longer. The token has faced resistance from a crucial zone of $0.800 and witnessed a steady fall.
However, the bearish trend has halted near the last swing low and has formed a bullish candlestick. The price was near the 200-day exponential moving average (EMA), also a support level.
Buying in Fantom Price Over Wider Frame
Kris088 (@saitokris088), a crypto analyst, claimed that the FTM crypto has the potential to perform positively. It has formed an inverted head and shoulder pattern on a weekly time frame.
Anyone seeing this forming huge inverted h&s on 1W? $FTM $S pic.twitter.com/GXUr6O7frg
— kris088 (@saitokris088) October 26, 2024
This may invite buyers and help to push the price further. If the Fantom price
We współpracy z: https://www.thecoinrepublic.com/2024/10/27/fantom-price-shows-dip-can-bulls-bounce-back/
