$FTM has broken out of a descending channel, supported by a strong push from the bullish order block at $0.5700. While this may signal a potential trend reversal, it’s still too early to confirm.

For the rally to gain real momentum, FTM needs to break through the key bearish zone between $0.935 and $1.177, which previously served as support. If bulls succeed in pushing past this level, we could see a stronger rally toward the next major resistance, indicating bullish control

On the flip side, if the momentum weakens, keep an eye on a possible pullback to retest the breakout zone around $0.4750. Failure to hold this support could lead to a decline toward the lower demand zone at $0.3100