$FTM Here's An Example Of How A Positive News & Technicals Work Well In Tandem
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The formation of the Inverted H&S has panned out really well for Fantom. The resistance of $0.54 was broken with utmost ease with some great news coming in.
📢 Through its broadcast channels, the Fantom Foundation announced an upgrade of the main network, which will now be called "SONIC".
The PoS-based, decentralized finance-focused Layer 1 blockchain is gearing up for a massive upgrade in the final quarter of 2024.
This has skyrocketed FTM price to almost 14% nearly touching the next resistance level of $.60 (although a weaker one). Following up a major hurdle lies at $0.75 which could be the next cool off zone before the next giant leap.
This has certainly made FTM the Layer 1 alt to watch out for this season again. After a stellar performance in the last cycle, FTM definitely made some waves this year but was overshadowed by new narratives and their respective tokens.
To be in the game you need to evolve to become stronger. In the world of crypto many projects have come and gone, some of them were once in the top 10. But the one with utility and the adaptability to change are the only ones to sustain.
*This is not investment advice. Please do your own research before taking any trade.
