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Technical Analysis

Phantom (FTM) price prediction: Will FTM recover from its 74% drop?

Updated: Sep 22, 2024
Published: Sep 20, 2024
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  • Context is Key: The market context always holds more weight than short-term moves. FTM's recent move needs to be analyzed within the broader cycle, not just the past few days. It's 74% down from its highs, so while we've seen some recovery, it hasn't regained even half of that drop yet.
  • Big Picture Focus: Don't just focus on pumps; look at the broader market cycle. FTM is still within a historical range, so while there's potential, it's not fully recovered. We should be cautious until it shows more strength. It's moving, but not to the extent that we can trust for long-term holds just yet.
Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.


Phantom (FTM) price chart showing key support and resistance levels, with price currently around $0.65 and historical movements.

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