Fantom forecast – chart picture more bullish than ever! Soon +170%?!

Fantom price has reclaimed the $1.19 support for the last week. Because of this, we are assuming that prices will tend to rise in the near future. The Fantom course could rise more in the near future and continue the current sideways phase. The sideways phase consists of $1.19 support and $3.39 resistance. Now that we have reclaimed the $1.19 support, we anticipate the price to rally to the $3.39 resistance. This would bring a price increase of about 170%.

The Fantom course has also reached support in the Bitcoin pair. The price bounced off the 2690 satoshis support and performed a doji on the week. Doji candlestick patterns often cause trend reversals, which is why we expect the Fantom/Bitcoin pair to rise here as well. Thus, the Fantom course will probably outperform the Bitcoin course in the next few weeks. We expect the price to rise until the next resistance. This is located at around 4627 satoshis.

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