After two swings in the descending channel and the re-reaction of the $0.16 support level, which followed the return of FTM to the upside, we now see FTM officially breaking out of the descending channel with the intention of reaching the short-term targets of $0.38 and $0.51.
The unexpected and very positive price performance of WigoSwap, the decentralized financial platform of the Fantom ecosystem, has made investors and fans of FTM hope to see such growth in FTM soon.
If Bitcoin does not fall sharply and ends this week above the level of $37000, we can hope to see a new wave of uptrend of FTM during the next week.
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