Summary
TLDR: Fantom (FTM) price is currently in a downtrend but shows potential for recovery with on-chain indicators suggesting a buying opportunity. Investors may consider accumulating FTM at low prices to boost the altcoin’s value. If successful, FTM could breach resistance levels and potentially reach $1, but failing to do so may result in a drop below $0.60.
Key Points
1. Fantom (FTM) price is currently in a downtrend, restricted under the $1 mark since the beginning of the month.
2. On-chain indicators are flashing bullish cues for FTM, signaling potential buying opportunities for investors.
3. Fantom’s price, driven by investor accumulation, could potentially escape the downtrend, breach key resistance levels, and aim to reclaim losses and reach the $1 mark.