Fantom (FTM) Analysis - November 28, 2024
Fantom (FTM) shows a cautiously bullish trend today, driven by increased DeFi adoption and ongoing network developments. With its scalability and low transaction costs, FTM remains attractive for decentralized application developers. The recent market momentum has helped FTM sustain above the psychological support at $1.00, creating an optimistic outlook.
**Buy Price:** $0.9800
**Target Price:** $1.0500
**Current Price:** $1.0102
Investors eyeing short-term gains could consider entry points below $1.00 while maintaining caution due to broader market volatility. For long-term holders, Fantom's growing ecosystem and partnerships bolster its potential for significant appreciation.
Overall, with steady on-chain activity and positive sentiment, FTM leans bullish today, but traders should monitor for potential pullbacks near resistance zones around $1.05.