#FTM

Unlike other assets on this list, the price of Fantom FTMUSD is not expected to rise in the next month. The reason is because FTM has a chance of being corrected by 20% based on the parabolic curve pattern.

According to this pattern, a decline to the base price level 3 is expected, considering that FTM failed to break through the US$1.12 resistance.

The 2 indicators that support this scenario are the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD).

These indicators highlight the dominance of bearish sentiment. Notably, MACD showed the first bearish crossover in the last 2 months.

Thus, FTM is likely to experience a decline when this token will lose the US$0.80 support and sink further.

However, if Fantom price is able to bounce back from the 3 base support range, this could be an opportunity to invalidate the bearish narrative.