Fantom (FTM) Coin May Start Its Rise From Critical Support

Resistance Zone: FTM coin may continue its decline if it fails to overcome the $0.3574 resistance.
    Support Levels: The $0.2246 – $0.208 range provides critical support for FTM traders. They make long-term spot purchases below these levels.
    Upside Targets: If FTM coin receives strong buying reaction within the mentioned support range, the first target could be $0.357 and the second target could be $0.4144.

FTM coin could continue its decline if it fails to clear the $0.3574 resistance. Investors should watch for the development of the $0.2246 – $0.208 support and if strong buying occurs, they could head into the uptrend.
MEDIUM TERM FTM ANALYSIS
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Daily FTM/USD Price Chart

Daily FTM/USD Price Chart

The daily technical chart of Fantom (FTM) coin is being programmed, striking a bearish move starting from the key resistance zone at $0.3574. As long as FTM coin fails to overcome this resistance level, it could continue its bearish characteristics until the drop to $0.2461 mentioned in the analysis.

Therefore, FTM investors show the tracking conditions of the support period specified in the analysis. If FTM coin is a decline towards the $0.2246 – $0.208 range in the analysis, long-term spot purchases are indicated.

If the FTM coin starts the uptrend with strong buying reactions in the specified support range of $0.2246 – $0.208, the first target may head towards $0.357 and the second target may head towards 0.4144. Therefore, there are situations where long-term growth will buy at the specified support level, following the resistance zones specified in the analysis.

However, FTM coin failed to initiate the uptrend with strong buying reactions in the specified support range and daily mother continuations continued below $0.208, the downtrend may continue up to $0.1856 levels. FTM coin investors can make purchases at this level, which is critical support, and follow their spot dollar investments with stop-loss methods against weekly continuations at the 0.17 level.