🔻FTM Struggles After Channel Break: Is More Downside Likely?🔻

Uh oh, $FTM isn't looking happy. The price decisively broke out of its trading channel and dipped about 5% in the process. Now it's retesting a key support level that previously held firm, but the overall market sentiment isn't exactly screaming "#Bullish ."

Here's a breakdown of the situation:

Channel Breakout: FTM lost momentum and broke the bottom of its trading channel.

Support Retest: The price is currently attempting to find support at a previously established level.

Market Woes: The broader crypto market isn't showing much enthusiasm, which could put additional downward pressure on #FTM .

Potential for Further Dump?

The lack of bullish market response and the support retest raise concerns about a potential further drop for FTM. However, it's important to remember that technical analysis is not a crystal ball.

Do You Think FTM Will Dump More???

#FantomFTM #Fantom