$FTM Surges: $88.5K in Shorts Liquidated at $1.040!

The Fantom (FTM) market just delivered a powerful statement as $88,500 in short positions were liquidated at the pivotal price of $1.040.

This event underscores a resurgence in bullish momentum, shaking out bears and setting the stage for potential higher moves.

Market Highlights:

Short Squeeze Alert:

$FTM sharp rally caught short sellers off guard, forcing a wave of liquidations that intensified upward momentum.

Key Level Breach:

The $1.040 price point is now a critical support level, reflecting growing confidence from buyers.

Volatility and Opportunity:

With liquidations driving significant market activity, traders should prepare for heightened price fluctuations.

This liquidation signals a strong comeback for $FTM showcasing renewed interest from bulls and a shift in market sentiment.

Fantom’s performance is being closely watched as it positions itself for potential further gains.

Next Steps:

If Fantom sustains this momentum, the next targets could be higher resistance levels, with bulls aiming for a breakout.

However, a short-term correction could provide an entry point for traders seeking to capitalize on volatility.

FTM is making waves—keep it on your radar as the market heats up!

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