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FTM Coin Technical Analysis: Weekly BreakoutWhat is Fantom (FTM)? Fantom (FTM) is a high-performance blockchain platform designed to address the scalability limitations faced by the Ethereum network. It utilizes an innovative consensus mechanism called Lachesis, which achieves faster transaction speeds and lower fees than Proof-of-Work (PoW) blockchains. FTM serves as the native token of the Fantom ecosystem, facilitating transactions, governance participation, and staking rewards. FTM Coin Information: Symbol: FTM Blockchain: Fantom All-Time High (ATH): $3.2514 (as of March 18, 2024) All-Time Low (ATL): $0.00000041 (as of March 18, 2024) Official Website: fantom.foundation Technical Analysis Weekly Breakout: FTM has decisively broken out of its long-term trading range on the weekly timeframe, indicating bullish momentum and market confidence in further upside. Upward Trend: The uptrend in FTM continues on the weekly timeframe, with the price currently conquering new highs. Resistance Levels: $1.0846: The first resistance level ahead of FTM sits at $1.0846. $1.09819: If the previous resistance is breached, $1.09819 will act as the next hurdle. $3.2514: The All-Time High (ATH) for FTM is $3.2514. A breakout above this level could act as a strong catalyst for the continuation of the uptrend. Targets: The mentioned resistance levels can be considered as short-term and long-term targets. Overcoming each resistance level can open the door for a rise toward the subsequent levels. Important Notes: Technical analysis is a tool for forecasting market probabilities and does not provide guarantees for the future. Conducting thorough research is necessary before making any investment decisions. Capital and risk management are fundamental principles in trading. Similar Coins: Some coins with similar characteristics to FTM include: Cosmos (ATOM) Solana (SOL) Polygon (MATIC) These coins, like FTM, are smart contract platforms that aim to provide scalability and lower transaction fees compared to the Ethereum blockchain. Disclaimer This analysis is solely presented for informational purposes and does not constitute investment advice in any way.
Long
by atamq
FTM 💣 Ichimoku BREAKOUT Hey guys! Kina here, well FTM coin has been on a range for a very long time and still is stuck in a box. But as it bounced off from support I believe is going to re-test the resistance of this range which is at about 0.65 zone. So we could set potential targets in that area. Now, as we can see FTM pierced through the cloud, re-tested it and then bounced off from it again. An ichimoku cloud on a daily chart means we can go long and hold for as long as the coin give us! When price goes back into the cloud we keep the money and stay out of the trade. That's one classical way to use this famous indicator. Safe and consistent approach if you don't want to overthink it too much! Hold dearly and risk wisely, Kina 💣 The Girly Trader
Long
by KinaStar
2
Fantom ($FTM) Price Surges to $1 Amidst Market Volatility Over the past few days, UPCOM:FTM has experienced a remarkable surge, defying the consolidation gripping the broader crypto landscape. With its price jumping to $1.0 and beyond, Fantom has captivated the attention of both seasoned traders and newcomers alike. The Rally Unveiled: Since the advent of March, Fantom ( UPCOM:FTM ) has embarked on a staggering rally, propelling its price by an astonishing 150%. From a modest $0.41, UPCOM:FTM has soared to the $1 mark, with projections suggesting further gains on the horizon. Renowned crypto analyst Ali Martinez, who accurately predicted this rally, now foresees UPCOM:FTM reaching $1.44, underscoring the underlying strength of its upward momentum. A Steep Discount: Despite its recent surge, Fantom ( UPCOM:FTM ) still trades at a significant discount from its all-time high of $3.16, witnessed back in 2021. This discount presents an enticing opportunity for investors looking to capitalize on the token's growth potential. Moreover, with nearly 43% of investors currently holding positions below their initial investment, there exists a palpable sense of anticipation for a resurgence in FTM's value. Market Dynamics: The recent surge in FTM's price is not merely a result of speculative frenzy but is underpinned by tangible market dynamics. One notable development is the reduction in the supply of UPCOM:FTM coins available on exchanges. Since the beginning of March, the exchange supply has dwindled from 655 million to 643 million, signaling a shift towards long-term investment strategies. This decrease in supply correlates with a corresponding price increase, indicating a growing confidence among investors in FTM's future prospects. Long-Term Investment Thesis: The dwindling exchange supply of UPCOM:FTM underscores a broader trend of investors opting to store their assets in cold wallets, away from the volatility of exchange trading. This shift towards hodling signifies a fundamental belief in the intrinsic value of Fantom, beyond short-term price fluctuations. As more investors adopt a long-term perspective, the selling pressure on the market diminishes, paving the way for sustained upward movement in UPCOM:FTM 's price.
Long
by DEXWireNews
FTM/USDT bullish move from key support? 🚀 FTM Analysis💎 Paradisers, turn your attention to #FTMUSDT, as it shows signs of a bullish resurgence from a significant support level. 💎 In the dynamic world of cryptocurrencies, #Fantom has experienced fluctuations but is now poised at a crucial support zone of $0.4165. If #FTM can firmly establish itself above this threshold, we may see a vigorous rally towards the resistance level of $0.5607, signaling a bullish phase in its trajectory. 💎 Given the unpredictable nature of the crypto market, flexibility and adaptability in your strategy are paramount. Should UPCOM:FTM struggle to secure its position at this pivotal support, it might be time to consider an alternate approach. 💎 Plan B involves a strategic pivot, focusing on a bullish revival from the lower support level at $0.3431. Monitoring this level is vital, as falling below it could suggest a shift towards bearish trends. Keep your wits about you, Paradisers, as we journey through the fascinating landscape of the #FTM market.. 🌴💰
Long
by MyCryptoParadise_Simon
FTM to continue uptrend despite traders' profit-taking With BTC is in price discovery, FTM looks to be taking the opportunity to continue following the uptrend as price action remains above the Ichimoku cloud. Profit-taking has lowered the price but the outlook is still bullish according. Stochastic RSI shows a downtrend to *possible* buying opportunity but will most likely continue sideways as BTC also moves sideways after recently touching ATH. In any case, personally, I'll be hodling and waiting to increase my bag when th opportunity arises.
by cointradergeek
🚀 FTM (Fantom) Trade Setup 🚀📊 Analysis: Breakout Confirmation: FTM has broken the $0.60 area of resistance and flipped it into support, indicating potential for trend continuation. Buy Zone Retest: Look for any retest of the buy zone to gain market exposure. Entry the trade between $0.63 - $0.715 Initial Take Profit: Target the next area of resistance around $1 as an initial TP area. Extended Take Profit: Consider extending the take profit to $1.6 for additional gains. Stop Loss: Set the stop loss just below the $0.55 level to manage potential losses. 🌐 Note: Stay updated on market conditions and adapt your strategy as needed.
Long
by Richtv_official