Fantom Price Prediction - price will increase by 100% in the near future!

 

In our last Fantom price forecast , we wrote that the price could rise sharply soon. Furthermore, the Fantom price was one of the best performers during the crypto crash. However, not much has changed in the course within 3 weeks, which is why we will analyze it again. Can we continue to move to $6.2 or is the chance already gone? We will inform you about the Fantom course!

The Fantom course has been at the price level since yesterday when the last crypto crash was over. This creates a possible double bottom formation. The characteristic of this formation is that the price falls to a similar price level (support) twice in a row. This happened here because the Fantom course is at the bottom of the crypto crash. Since this formation often drives prices higher, we anticipate the price to rally to $2.44 next. There is the next major resistance. In this case, the course was rejected twice after the crypto crash. Resistances and supports often break after the third touch, so it could happen here as well.

The main premise is that Fantom price breaks the $2.44 resistance. This is currently the strongest resistance. Once this is done, the price could gradually increase towards the $4. There is the first goal of the ABC sequence. Meanwhile, the price might start correcting around $3.3 as there is resistance there as well. This one also has to be broken. However, we expect this to break as soon as we break $2.44.

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