When to buy Fantom token as price stays clear of the breakout zone

• Phantom Token Holds Breakout Support Over $ 0.288

• Cryptocurrencies are powerful, but most tokens are stuck because they can withstand market modifications.

• Investors will have to wait to buy FTM for potentially $ 0.288 after retracement

Fantom FTM / USD is one of the most recently recovered cryptocurrencies. Cryptocurrencies broke key resistance at $ 0.288, followed by strong profits. Breakouts have opened up the possibility of sustained recovery that remains intact.

Don’t get me wrong. FTM has not yet been purchased as most cryptocurrencies will begin to fix. Fantom tokens have maintained solid growth with a surge of up to 5% at the time of writing. We still believe that FTM will fix it, and buyers will have to look for another bullish vehicle. The important questions here are: When?

Phantom token hits resistance, indicating potential fix

Source TradingView

In the lower time frame, the FTM reached resistance at $ 0.34. Cryptocurrencies remain resistant, but bullish remains weak. Short-term 14-day and 21-day moving averages continue to support prices. As FTM remains vulnerable, short-term investors believe they need to be defensive at their current level.

The fix could cause the price to crash below the moving average. The established level is $ 0.288, but tokens can find support for $ 0.31 or $ 0.30. As the FTM regains power, prices could reverse at the crossroads with the moving averages. Tokens are already high and low. As a result, potential breaks above $ 0.34 cannot be ruled out. We are now arguing that the FTM will remain at $ 0.288. This is the lowest price for a reference.

Conclusion

The Fantom token is imminently fixed, but still pending. However, new buyers should consider purchasing at a lower price. Notable potential levels are $ 0.31, $ 0.30, and $ 0.288.