Fantom (FTM) bulls may be catching their breath after a recent price dip. FTM found support at $0.80 on the daily timeframe chart, following a fall from a high of $1.22.
If FTM breaks above the current resistance, key levels to watch include:
First Resistance: $0.94 - A successful breakout above this level could indicate further bullish momentum.
Second Resistance: $1.023 - Surpassing this resistance could be a significant step towards revisiting the previous high of $1.22.
If FTM breaks above the current resistance, key levels to watch include:
First Resistance: $0.94 - A successful breakout above this level could indicate further bullish momentum.
Second Resistance: $1.023 - Surpassing this resistance could be a significant step towards revisiting the previous high of $1.22.
Note
Price fallen after my second resistance prediction $1.023Find support on daily trend line pattern at $0.57
Price will be back-and-forth range between $0.60 to $0.80 (as $0.72 > $0.80 resistance)
Note
FTM is exhibiting positive indicators, with a breakout above $0.94 potentially driving the price to $1.90.Note
Bullish or bearish? The price is currently at weekly support and could rebound if the cryptocurrency market exhibits a high net inflow.Note
As outlined in my previous post, I demonstrated that if the support price of $0.62 failed, it would drop to between $0.50 and $0.48. The support target of $0.48 has been reached.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.