$FTM /USDT Weekly Update 🚀

Phantom (FTM) is showing strong resilience, holding above a critical support/resistance (S/R) zone on the weekly timeframe.

This level has proven to be a pivotal area,

acting as a foundation for bullish momentum. Here's a breakdown of the situation:

Current Analysis

1. Support Zone: FTM has maintained its position above a key S/R zone, indicating strong buying pressure.

2. Volume Surge: Increased trading volume signals rising investor interest.

3. Trend: Bullish structure intact as long as this zone holds.

4. Indicators: RSI and MACD are turning upward, hinting at potential upward momentum.

Potential Moves

Upside Targets: If FTM continues above this zone, we could see a push toward $0.35, with further extension to $0.42 if momentum sustains.

Downside Risk: Breaking below the S/R zone could bring a retest of $0.24 for support.

Next Steps for Traders

Short-Term Bulls: Look for confirmations like volume spikes and breakout candles above the S/R zone to enter positions.

Cautious Traders: Wait for a successful retest of the zone before committing.

Risk Management: Set stop-losses below the S/R zone to minimize potential losses.

FTM’s ability to stay above this critical zone is a strong bullish signal. Watch closely—to the moon might just be a matter of time!

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