$FTM /USDT - Technical Analysis and Target Updates
Current Price: $0.9851 (+4.85%)
Chart: 30-minute timeframe (Binance)
Target Achieved: $0.9800
/USDT has reached our initial target of $0.9800, bouncing from support levels and showing bullish strength. The price is now holding near $0.9851, indicating potential for further upward movement.
Next Key Targets:
1. Short-Term Target: $1.00
Resistance at $1.00 is critical as it represents a psychological and technical barrier.
Action: Secure partial profits near this level and adjust stop-loss to $0.9800.
2. Intermediate Target: $1.03
A breakout above $1.00 with strong volume could push the price to $1.03, aligning with recent highs.
Action: Monitor for signs of bullish continuation, such as increasing buying pressure.
3. Long-Term Target: $1.05
Sustained bullish momentum could lead FTM/USDT to test $1.05, a key resistance zone.
Action: Ensure gradual profit booking and reevaluate positions near this level.
Technical Indicators:
Trend: Consolidating with bullish potential
Support Levels: $0.9800, $0.9700
Resistance Levels: $1.00, $1.03, $1.05
