Fantom Forecast – After DeFi scandal now the end of Fantom?

Andre Cronje and Anton Nell have left the DeFi space . Among other things, Andre Cronje was involved in the Fantom project, which is why the price fell drastically. But how does the chart for the Fantom course look now? Does the course still have a future, or will the course continue to fall since Andre Cronje left the project?

In our last Fantom forecast , we wrote that the price could rise a bit more soon since we used a GoldenPocket as a support. In addition, the course had a double bottom formation, which would also have caused prices to rise. However, the price broke the support and subsequently declined by around 35%. What are the chances for Fantom now?

Fantom had already found support at the GoldenPocket of the full bull run in December 2021 and rose sharply from there. In the last few weeks, after the price rose to +/- $3.39, the price fell sharply again and was able to test the GoldenPocket again this week. As long as the GoldenPocket holds, we do not assume that prices will continue to fall, even if Andre Cronje has left the Fantom project. If the GoldenPocket sustains a break, the Fantom price could drop to $0.18. There is the next major support to watch out for.

As the Fantom price fell again to the GoldenPocket and also rose again to $3.39, the price was able to confirm a sideways phase. This sideways phase consists of the $1.27 and $3.39 support. Since rectangles (flats) are considered a continuation pattern, we expect the price to see a bullish breakout in the future. However, it may take some time before this happens, which is why we do not give an estimated time yet. The next move for Fantom would be a surge to $3.39.

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