Fantom Sonic on the radar
FTM 1day is showing strength returning to the Defi Gods layer 1 Fantom Sonic is on the table ready for launch over the next few weeks and price is reflecting renewed interest in this under-the-radar gem We see a double-bottom between Nov 2023 and 2024 with price rebounding from the bottom back to the 0.56 area before traders taking profits retraced price down to the 618 fib This is a nice correction and sets FTM up for a continuation of the rebound There will be strong resistance at the 0.56 to the 0.65 levels for a washout and little resistance from there to 1.50 If the launch of Sonic is smooth and gains more adoption which is happening already then the fundamentals will back this idea
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