The 4-hour chart for Fantom (FTM) illustrates significant potential for a bullish reversal. Currently priced around $0.45, FTM is positioned near the lower Bollinger Bands, suggesting possible oversold conditions. The MACD has recently shown a bullish crossover, indicating increasing buying momentum, complemented by an RSI hovering around 40, near oversold levels, signaling potential for upward movement. Increasing volume adds weight to this bullish sentiment, despite FTM trading below the VWAP, indicating potential undervaluation. However, it's crucial to note that FTM remains below the 200-day SMA, confirming a bearish long-term trend. The price action reveals robust support at $0.42 and resistance at $0.48, with a double bottom pattern forming—a typical bullish reversal indicator
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