๐$FTM FTM/USDT Faces a Dip, Down 3.51% โ What's Next for Fantom? ๐
Current Price: $0.9427 (-3.51%)
24H High: $1.0543
24H Low: $0.9024
Fantom (FTM) is experiencing a pullback after testing $1.0543, with the price now stabilizing near $0.9427. The market is showing mixed signals, and traders are closely watching key levels for the next move.
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Market Analysis
๐น Support Zone: Immediate support lies at $0.9024. A break below this level could see FTM testing $0.85.
๐น Resistance Zone: To regain bullish momentum, FTM needs to climb back above $0.9505, with further resistance near $1.00.
๐น Trading Volume: 160M FTM traded in the last 24 hours highlights significant activity, but selling pressure dominates for now.
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What to Watch
1๏ธโฃ For Bulls:
Look for a bounce near $0.9024 to confirm support and potential recovery.
Watch for a breakout above $0.9505 for a rally toward $1.00 and beyond.
2๏ธโฃ For Bears:
A break below $0.9024 could accelerate downside momentum toward $0.85.
Monitor volume for confirmation of selling pressure at key resistance levels.
3๏ธโฃ Risk Management:
Set tight stop-losses to protect positions, especially in this volatile environment.
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Key Takeaway
FTMโs retracement highlights a critical moment for traders. Whether itโs a consolidation or deeper correction, the upcoming moves near support and resistance levels will provide clarity. Stay alert and trade cautiously.
๐ก #FTM #Fantom #CryptoTrading #MarketUpdate #BinanceAlphaAlert