Hashed Password Check Issue

Question

I am working on a Forgot-Password system where users are emailed a ForgotKey code to enter to access a reset password screen. When this ForgotKey is entered into the database, it is hashed. I used a similar system for my signup page and it's working correctly. I copied most of the code over from that system and now I am getting an error that the user's inputted password does not match the hashed password in the database. Am I using the correct password_verify code for this scenario?

        $Email = $_SESSION['PWResetEmail'];
        $ForgotKey = $_POST['ForgotKey'];
        
        $ForgotKeySQL = "SELECT Email, ForgotKey, ForgotTime, UserID FROM UserTable WHERE Email = ?";
        $ForgotKeySTMT = $conn->prepare($ForgotKeySQL); 
        $ForgotKeySTMT->bind_param("s", $Email);
        $ForgotKeySTMT->execute();
        $ForgotKeyRESULT = $ForgotKeySTMT->get_result(); // get the mysqli result
        while ($ForgotKeyROW = $ForgotKeyRESULT->fetch_assoc()) {                           
            // A: If password matches DO NOT hash, then send user back to forgot.php to retry
            $ForgotKeyCheck = password_verify($ForgotKey, $ForgotKeyROW['ForgotKey']);
            if ($ForgotKeyCheck == false) { // <----- code is failing here
                $ForgotKeySTMT->free_result();
                $ForgotKeySTMT->close();
                header("Location: ../forgot.php?4"); 
                exit();
            }
            // A: If password matches hash, then let user pass to next step of forgot password system.
            else if ($ForgotKeyCheck == true) { // <---- I want this line to be true
                $ForgotTimeFINAL = $ForgotKeyROW['ForgotTime'];
                $UserIDTemp = $ForgotKeyROW['UserID']; 
                $_SESSION['UserIDTemp'] = $UserIDTemp;
                $_SESSION['ForgotKey'] = $ForgotKeyROW['ForgotKey'];
                
                $ForgotKeySTMT->free_result();
                $ForgotKeySTMT->close();
                header("Location: ../forgot.php?3"); 
                exit();
            }
            else {
                $ForgotKeySTMT->free_result();
                $ForgotKeySTMT->close();
                header("Location: ../forgot.php?2");
                exit();
            } 
        }