Fantom (FTM) Price Forecast: Potential Resistance Ahead
Fantom Investors Could Sell
Fantom's price closed a 23% rally in the span of two days, reaching a crucial resistance block that might prompt existing holders to sell for profits.
Fantom MVRV Ratio
The MVRV ratio indicates that Fantom's profitability could lead to selling, as historical corrections typically occur within a specific range.
- Investors awaiting opportunity to sell
- Approximately 105 million FTM on the verge of becoming profitable
If the resistance level from $0.80 to $0.88 holds, Fantom's price may face a downturn and consolidate between $0.63 and $0.80.
On the other hand, if investors continue to hold, a breach of the resistance could propel Fantom's price past $0.90.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.