FTM touched the first target!
FTM touched the first target!
FTM had good price growth during the last week. After buyers supported it in the $0.17-$0.18 range, Fantom's rally pushed the price closer to the ceiling of the descending channel. A resistance was considered in the range of 0.260 to 0.258 dollars, and the first contact to this range was associated with a negative reaction. But there is an important resistance in Terri in the $0.300 range, which can be a profit-saving place for some short-term buyers.
Given Fantom's impressive rally against many altcoins in the event of a correction, the target range for reactive support is $0.190-$0.20, which is yet to see a pullback to this level. In the 4-hour time frame, a range zone is observed below the $0.260 range. If the resistance is broken, the price growth can continue as long as the width of the channel range until the price hits the ceiling of the channel. So as mentioned, resistors are prone to negative reactions and should be monitored carefully.
FTM had good price growth during the last week. After buyers supported it in the $0.17-$0.18 range, Fantom's rally pushed the price closer to the ceiling of the descending channel. A resistance was considered in the range of 0.260 to 0.258 dollars, and the first contact to this range was associated with a negative reaction. But there is an important resistance in Terri in the $0.300 range, which can be a profit-saving place for some short-term buyers.
Given Fantom's impressive rally against many altcoins in the event of a correction, the target range for reactive support is $0.190-$0.20, which is yet to see a pullback to this level. In the 4-hour time frame, a range zone is observed below the $0.260 range. If the resistance is broken, the price growth can continue as long as the width of the channel range until the price hits the ceiling of the channel. So as mentioned, resistors are prone to negative reactions and should be monitored carefully.
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