Professional Traders' Insight: $FTM /USDT

$FTM is currently trading at $0.7191 USDT, reflecting a slight drop of -0.08% over the past 24 hours.

This comes after a week of bearish movement (-6.03%) and a month of significant correction (-10.08%).

However, Fantom boasts a remarkable 141.31% yearly gain, showing long-term bullish momentum.

Technical Overview:

Bullish Patterns:

$FTM recently broke out of a descending channel, forming a "W pattern" and exhibiting a Change of Character (CHoCH).

This suggests a possible bullish continuation after a retracement.

Resistance Levels:

A move toward $0.75–$0.80 USDT is possible if bulls maintain momentum.

Key Support Zone:

Traders eye a strong support at $0.68 USDT to identify potential buy opportunities for mid-term gains.

Strategic Outlook for Traders:

1. Short-Term Trades:

Watch for dips near $0.68–$0.70 USDT to secure favorable entries.

2. Long-Term Accumulation:

With Fantom’s history of resilience and recent network upgrades, it remains a solid pick for patient investors targeting $1+ by the next market rally.

3. Risk Factors:

Volatility remains high.

Stay vigilant with stop-losses, especially around key invalidation levels below $0.65 USDT.

Pro Tip:

Monitor developments like Fantom’s Sonic Project, launching in December, which could catalyze significant price action.

Stay informed to capitalize on the momentum!

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