FTM is at the bottom of the global ascending channel. If there is a breakdown and retest, then the price will go to the levels of 2020. At a time when Andre Cronje may not have even thought about making million on DeFi during the 2021 bull cycle.
any updates? looks like it's ab0ut to descend into the pit..
Tropnik
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@Kalete, Nope, the lower target is extremely unlikely. Since token price of any blockchain is controlled by whales. And FTM token whales for some reason believe in the incredible uniqueness of phantom chain. Again, because of Andre. At the moment, we see a false breakout by candle shadow and it seems that the token is now trading within the channel. Also, the price behavior may be similar to the behavior of bitcoin price when it exited the ascending channel in 2013-2016. In any case, I do not advise considering this token as an investment, since everything can break down at one moment, because it is just one of the many L2 and there is nothing supernatural there and then the lower target is the place to be...