Date: Tue, Oct 01, 2024, 08:59 AM GMT
October has started strong for the cryptocurrency market, and Fantom (FTM), a leading layer 1 project, is making noise with an impressive performance. After a notable rally last month, $FTM has surged by 8.18% today, continuing its upward momentum.
Source: Coinmarketcap
Rally Overview
The rally for Fantom began on September 10, when it broke out of a falling wedge pattern. This technical move helped Fantom surpass its downtrend line at $0.4570. Since then, the price has skyrocketed to $0.7432, marking a 55% increase from the breakout point.
Are More Gains Ahead?
Today’s surge in FTM comes after it broke through a resistance level at $0.7355, which opens up the possibility for further gains. The next target for Fantom is $0.8549, representing a potential 16% upside from its current price.
Looking at the charts and considering the bullish sentiment for October, there’s optimism that Fantom may continue to experience significant gains in the coming days.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
