$FTM (Fantom) Price Analysis: Monitoring Short-Term Trends

🔹 Current Price: $0.5451

🔹 1-Hour Change: +0.53%

Technical Analysis:

The 1-hour chart for Fantom (FTM) reflects a steady upward movement with a modest increase of +0.53%, pushing the price to $0.5451. FTM reached a recent high of $0.5485, but encountered resistance, leading to a slight pullback. The price found support near $0.539, suggesting buyers are stepping in at lower levels.

The overall trend appears to be bullish, with FTM gradually moving upwards despite minor dips, indicating a stable buying interest. However, breaking above the $0.5485 level could be crucial for continued momentum.

Key Levels to Watch:

• Support: $0.539 - Staying above this level will be important to maintain the bullish trend.

• Resistance: $0.5485 - A breakout above this level could trigger a stronger rally.

Conclusion: Fantom is showing resilience, with buyers supporting the price at key levels. Watch for a potential breakout above $0.5485 to confirm continued upward movement.#USElections2024Countdown #GrayscaleXRPTrust #29thBNBBurn #TetherAEDLaunch