An analysis of Fantom (FTM) indicates a ranging phase, potential retrace, and outlines upside targets, providing insights for market participants.
Key Observations:
Ranging Phase: After a significant run-up, FTM is observed to be in a ranging phase between $0.37 and $0.40. Potential Retrace: The analysis suggests a potential retracement in the market over the next week, possibly bringing FTM down to test $0.32 - $0.33. Upside Targets: Following a correction, FTM could target as high as $0.45 - $0.48.