Long

Fantom FTMUSDT Price Analysis (1w)

is currently displaying resilience as it bounces back from the established support level at 0.17.

This level has consistently deterred significant selling pressures, acting as a sturdy foundation in July 2021, November 2022, and October 2023.
Notably, each time the price revisits this level, it triggers robust bullish movements — registering a remarkable +1833% surge in 2021, a substantial +250% increase in 2022, and a solid +130% uptrend in 2023.

Despite encountering some resistance, the prevailing momentum suggests the potential for further upward movement in 2024. Noteworthy targets lie at key Fibonacci levels: 0.54, 0.77, and 1.10.

For potential downsides, important support levels are identified at 0.34 and the aforementioned 0.17. Investors should remain vigilant, considering the historical strength exhibited at these levels and the promising performance of in recent years.

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