LIVEIn the realm of cryptocurrency, the Fantom ($FTM) token stands as a warrior poised on the battlefield of the market. The current bastion of support lies at $0.80, a stronghold that has withstood recent assaults after retreating from the heights of $1.22.
Should the token falter and this fortress fall, the next line of defense is at $0.43, aligned with the venerable 200-day moving average.
On the offensive front, the first barrier the token must conquer is the resistance at $0.94. Triumph over this adversary could lead the token to scale greater fortifications at $1.20 and potentially reach the zeniths of $1.50 or $2.00, under the banner of a bullish advance.
These strategic levels are crucial for traders, as they determine the tactical entry and exit points. The prevailing sentiment and the omens of technical indicators suggest a cautious optimism, hinging on the breaking of key resistance and the maintenance of strong support.
