Fantom Prices Stable, FTM Bulls Set Sight on $1.64

Fantom is flat-lining in the previous trading week versus the USDT. Still, FTM may surge above $1.25 and race to April 2022 as prices bottom up. Past Performance of FTM Currently, Fantom is at break-even versus the USDT, stagnant in the previous trading week. Although buyers are confident, bullish advances have been frustratingly slow despite the recovery from Q1 2022 lows. When writing, FTM bulls have the upper hand and may edge above April 11’s high of $1.25. Fantom Technical Analysis Losses from early April 2022 were deep, unwinding gains posted from mid-March 2022, subsequently forcing the coin back to critical support levels of Q1 2022. At spot rates, FTM buyers appear to be in command following recent gains. However, from a volumes analysis perspective, sellers are still in control. It is because FTMUSDT prices are still within the wide-ranging bear bar of April 11 and below the middle BB. Aggressive traders may load on every correction towards $1.10, with targets at April 2022 highs of $1.64. On the other hand, risk-averse and patient traders can wait for a conclusive break above April 11 to buy the dips. Conversely, losses below last week’s lows may see FTM plunge to $1 in a retest of Q1 2022 lows. What to Expect from FTM? Buyers are upbeat, but there are more opportunities if bulls clear $1.64 and the middle BB. A close above these liquidation levels may see FTM float to April 2022 highs.The post Fantom Prices Stable,...