[Fantom (FTM) Price Correction: Is Now the Best Time to Buy for Future Gains? 】

In the current market environment, the price of Fantom (FTM) is mainly affected by both market guidance and investor behavior. Recent bullish signals from the chain, especially the price and daily active addresses (DAA) divergence indicator, suggest that now may be a good time to buy. This metric shows that when prices fall and active addresses increase, it indicates increased network usage and the potential for long-term value growth, which is currently the case with Fantom.

Additionally, Fantom's 30-day Market Value to Realized Value (MVRV) ratio of -27% shows that many investors are currently losing money, which is often a good time to accumulate. Past data shows that when the MVRV ratio is between -12% and -27%, it is usually a precursor to an FTM price rebound.

Therefore, if investors enter the market at the current low price, it will help drive Fantom's price recovery. If the price breaks out of the $0.80 to $0.88 resistance range and manages to convert it into support, FTM’s price is expected to rise further and could eventually touch $1, recouping some of its recent losses.

However, if FTM fails to break above this resistance range, its price could fall back to the $0.63 support. Losing this support would make the bear case valid and FTM could be at risk of falling below $0.60.

#鴉快訊 $FTM @Fantom Foundation