FTM (Fantom) is a blockchain network designed to be fast, scalable and secure. The FTM network is also designed to be modular, allowing for easy integration with other blockchain networks and applications. The FTM network also supports decentralized applications (dApps).
Fundamentally, the growth of the coin is possible with the emergence of new projects within the FTM network. Projects within the network are growing, but none of them are popular. Perhaps in the foreseeable future we will see the emergence of applications that will become popular.
📈 Technical analysis
The coin has long broken through the downward trend and now continues to consolidate along the resistance level. Volumes continue to grow, and indicators hang in neutral values. Now the price is forming a bullish Flag pattern with the goal of rising to the next resistance level. Also, the other day we made a false breakdown of the figure downwards, leaving a shadow under the figure. This shadow tested the long-term moving average MA200d and immediately bounced up.
The coin is now interesting both for short-term purchases with the goal of closing a position near the resistance level of $0.94, and for medium-term purchases with a minimum target of $1.88.
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