Summary
TLDR: Fantom’s price is facing resistance in its uptrend, with a potential 20% decline looming due to investors selling off their holdings. The decrease in active addresses and profit-taking behavior suggest further price drops, with a potential support level at $0.80.
Key Points
1. Fantom’s price action is observing resistance in its uptrend, with the potential for further decline due to lack of investor support.
2. Fantom investors are pulling back, with a significant increase in supply on exchanges as holders sell their holdings to secure gains.
3. FTM price prediction suggests a possible 20% decline ahead, with the altcoin vulnerable to additional drops as it failed to breach key resistance levels.