$FTM /USDT Technical Analysis
Current Price: $0.9830 (-0.83%)
24H Range: $0.9341 - $1.0227
Volume: 89.77M FTM
Key Insights:
$FTM /USDT is consolidating around $0.9800 after rejecting the $1.0200 resistance zone.
With a strong support level near $0.9500, the price could see a potential reversal if buyers step in.
🎯 Targets:
1. Target 1: $1.0000
Rationale: Psychological resistance; achievable with moderate momentum.
Action: Consider partial profit-taking near this level.
2. Target 2: $1.0200
Rationale: 24H high and a key resistance zone.
Action: Hold positions above $1.0000 for further gains.
3. Target 3: $1.0500
Rationale: Next significant resistance level with breakout potential.
Action: Full profit-taking recommended at this level.
🔑 Strategy:
Stop Loss: Place below $0.9500 to manage downside risk.
Indicators to Watch: Monitor MACD and RSI for bullish crossover and volume spikes for confirmation of a breakout.
