Fantom experienced a remarkable surge of 6% today, which led to the emergence of a bullish engulfing candle, forming a morning star pattern. This pattern, known for signaling the conclusion of a pullback phase, holds great significance as it materialized near the 78.60% Fibonacci level, close to the crucial psychological threshold of $0.50, and alongside a support trend line. These formations are widely regarded as robust indications of a transition from a bearish to a bullish trend. Stay up-to-date with the most recent financial and business updates by visiting COINTURK FINANCE.
