Today, sellers throw FTM coin below 2022 low; what next?
Fantom coin price has breached 2022 year's lowest level of $1.296; traders should wait for daily price closing.
FTM coin's price is observing near the neckline of double top formation over the daily price chart.
Fantom Coin price action is currently showing low-high formation. Thus the Fantom Coin is well below the red zone of the Ichimoku indicator on the daily price graph. Moreover, Leading Span A is trading at $1.68, and Leading Span B is at $2.15.
Stoch RSI has declined sharply from the overbought zone and is now moving into the highly oversold zone. Moreover, the Average Directional Index is slightly bullish at the 21.6-mark, which indicates bearish momentum.
Phantom investors await today's price close; if the coin's price closes the $1.24-mark, it could slip widely; On the other hand, if the coin price corrects today and the daily price closes in the green zone, we can expect a slight recovery.
Resistance level- $2.0 and $3.30
Support level- $1.24 and $1.0
FTM coin's price is observing near the neckline of double top formation over the daily price chart.
Fantom Coin price action is currently showing low-high formation. Thus the Fantom Coin is well below the red zone of the Ichimoku indicator on the daily price graph. Moreover, Leading Span A is trading at $1.68, and Leading Span B is at $2.15.
Stoch RSI has declined sharply from the overbought zone and is now moving into the highly oversold zone. Moreover, the Average Directional Index is slightly bullish at the 21.6-mark, which indicates bearish momentum.
Phantom investors await today's price close; if the coin's price closes the $1.24-mark, it could slip widely; On the other hand, if the coin price corrects today and the daily price closes in the green zone, we can expect a slight recovery.
Resistance level- $2.0 and $3.30
Support level- $1.24 and $1.0
