SasanSeifi| Can It Break Above $0.70?
2024-11-06

Hey there, ✌ Currently, in the daily timeframe chart, we can see that after a correction, Phantom has reacted to the previous resistance level at $0.55. The price is currently trading at $0.65. Given the current market conditions and the potential for Bitcoin growth, there is a possibility of positive fluctuations and price increases in the short to midterm.

One possible scenario for  BINANCE:FTMUSDT  in the daily timeframe is that if the daily candle closes with a strong body and the price breaks above the $0.70 level, the potential for further growth to $0.88 and even reaching the $1 supply zone increases. These levels can be considered as important price targets.

To validate this scenario, maintaining the $0.55 support level is crucial. On the other hand, if the $0.55 level is broken, the likelihood of further correction increases.


💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊

