Fantom (FTMUSD) Price Prediction: A Bearish Breakout Envisaged
Bears may dominate Fantom Market The breakdown of $0.21 support level will decrease the Fantom to $0.20 and $0.19 levels. A breakup of the resistance level of $0.22 will increase the price to $0.25 and $0.26 levels. Fantom Price Analysis – October 09 FTMUSD Market Key levels: Resistance levels: $0.22, $0.25, $0.26 Support levels: $0.21, $0.20, $0.19 FTMUSD Long-term Trend: Bearish Fantom is on the bearish movement in daily chart. The sellers still holds tight to the Fantom market. Price remains below the two EMAs as a signal of bearish market . Though there was no significant movement in the market as there is low momentum in the buyers and sellers’ activity. The coin is struggling to break down the support level of $0.21 at the moment. Fantom price is trading below the 9 periods EMA and 21 periods EMA at close distance indicating low momentum. The relative strength index period 14 is at 39 levels with the signal line displaying no specific direction. The bre...