๐ $FTM /USDT Technical Analysis | Current Price: $1.3690 ๐
Fantom ($FTM ) is showing strong upward momentum with a +9.70% gain over the last 24 hours. After touching a 24h high of $1.4782, FTM is consolidating near key support levels, presenting a potential setup for its next move.
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Key Observations ๐
24h High: $1.4782 โ The immediate resistance to watch for a breakout.
24h Low: $1.2385 โ Strong support level that fueled the recent rally.
Trend: FTM maintains a bullish structure, recording significant gains over 30 days (+98.38%) and 1 year (+224.47%).
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Targets to Watch ๐ฏ
1๏ธโฃ Target 1: $1.4000
A minor rebound to $1.40 would confirm short-term bullish recovery and attract buyers.
2๏ธโฃ Target 2: $1.4500
If momentum strengthens, FTM may test $1.45, aligning with prior consolidation and resistance zones.
3๏ธโฃ Target 3: $1.4800+
A breakout above the 24h high of $1.4782 could signal a continuation of the uptrend, targeting $1.50, a major psychological resistance.
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Technical Outlook ๐
Short-Term Bias: Bullish while FTM holds above $1.35 support.
Support Levels: Immediate support lies at $1.35; losing this could lead to a pullback to $1.30.
Breakout Signal: Monitor for strong volume and price action above $1.45 to confirm bullish continuation.
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Conclusion ๐ก
FTM/USDT is consolidating with upside targets at $1.40, $1.45, and $1.48+. Traders should watch support at $1.35 and volume confirmation near resistance levels for signs of the next breakout.
๐ Is FTM ready to push beyond $1.48 and hit $1.50? Keep an eye on the charts!