Coin Edition -
- The first area of interest for FTM will be around $0.50 to $0.47.
- Michael van de Poppe believes that the price of FTM could rise by 15% to 25%.
- FTM is currently down 10.28% to now trade at $0.5125.
The well-known crypto trader and analyst Michael van de Poppe took to Twitter on February 8 to share his thoughts on the price of Fantom (FTM) and what the crypto could do in the coming days.
Said that you shouldn't chase assets like $FTM and $FET, but you can easily trade them.First area of interest is hit around $0.50-0.47, if that holds we'll have a bounce of 15-25% likely.
Lower to $0.41? Swing entries. pic.twitter.com/C5inzpW9bA
— Michaël van de Poppe (@CryptoMichNL) February 8, 2023
Although Poppe believes that you should not “chase” assets like FTM, he still states that you can easily trade them. According to the post, the analyst believes that the first area of interest for FTM will be around $0.50 to $0.47. If the altcoin is able to hold this level, Poppe believes that the price of FTM could rise by 15% to 25%.
Poppe concluded the post by stating that traders will probably open swing entries around the $0.41 lower level.
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