Fantom: Technical and Fundamental Analysis

Despite the furious sell volume, the price managed to hold above 155 sats and even bounced up to retest the resistance. If the price keeps touching 163 sats level, we might see another uptrend at least to form a double top. The main support right now is 155 sats. If the price breaks down this support and also ascending one mentioned on the chart, FTM will be dead. It's wise to buy only after 155 sats retest with 163 sats confirmation.

FTM is also interesting from FA side: a mainnet is going to be launched before the end of December. However, yesterday there were a lot of fud news about mainnet delay, that forced FTM to dump with insane volumes.