Popular crypto analyst altcoin Sherpa lost an average of 65% in value this year Phantom He believes that the token could fall much harder if it loses immediate support.
Sherpa thinks that Fantom could drop to $0.045 if it loses the $0.15 support. This means a very sharp decline. However, a bounce from these levels will make things much better.
At the time of writing, FTM is trading at $0.18. The analyst’s decline forecast means an average loss of 75%.
Ethereum Sherpa, who also examined the price, believes that the leading asset will lose value against BTC until it reaches 0.053 BTC, which is worth $1454.
Looking at Sherpa’s chart, he seems to think that altcoin markets will rise once ETH/BTC reaches its downside target. Since a rising pair tends to signal that market participants are moving into altcoins, traders are known to keep a close eye on this pair.