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Fantom Price Prediction - If this level breaks, we will drop to $0.50!

 


In our last Fantom Price Prediction we wrote about Andre Cronje's DeFi scandal and the possible price development of Fantom after Andre Cronje left the team. We came to the conclusion that the target for the "worst case" scenario would be $0.18. But the Fantom course still has a chance to save itself. How could the course continue in the future? We at CryptoTicker are going to take a closer look at Fantom today.

The Fantom course is currently just below the GoldenPocket of the complete upward movement (start of the bull run to the end). This GoldenPocket is priced at around $1,275. Not only the GoldenPocket is at the price level, but also a horizontal support. This is at $1.19 and has formed a sideways phase with the $3.40 resistance. If Fantom price fails to reclaim the $1.19 support as well as the GoldenPocket in the near term, things could go bad for the price. This would mean a breakout of the sideways phase, which would mean prices significantly lower than $1.

If Fantom price breaks out of the sideways phase, which it looks like right now, the price could drop to the following two supports: $0.57 and $0.18. The Fantom project could also die out entirely as a top developer (Andre Cronje) left the team. The $0.18 and $0.57 supports are purely technical targets. Fundamentally, the project looks very bad in our eyes, which is why you should be careful with an investment.

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