Fantom Price Prediction: More Dip-Buying to Come

Fantom price action continues to surge higher after its on-chain Rarity game continued to amass a popular following. The game’s launch has boosted bullish Fantom price predictions as the token hits all-time highs. 

Rarity came on-stream on 5 September, sending the Fantom price higher for the 7th week in a row. This week, Fantom price has gained more than 46%, even though buyers are now taking profits. 

What is the Fantom price prediction going forward following last month’s gain of nearly 500%? 

Fantom Price Prediction

The active daily candle bounced off the 1.1156 support level (100% Fibonacci extension) and pushed above the 1.5004 and 1.6901 resistance barriers. These barriers now serve as potential support levels in role reversal. Any upward continuation of price action follows a bounce off these price levels.

On the other hand, a decline below 1.6901 targets 1.5004 (141.4% Fibonacci extension), with 1.3684 lining up as another target to the south if the Fantom price declines further.

Fantom Price (Weekly)

Follow Eno on Twitter.