$FTM has surged over 10%, currently sitting at $0.5728, with a 24-hour high of $0.5910. The RSI is hovering around 70%, indicating it's approaching overbought territory. This suggests that the upward momentum could be slowing down soon.
The key resistance level to watch is at $0.6008. If FTM breaks above that, it could target the next resistance at $0.6154 and potentially reach $0.6266, which is near its 13-week high.
However, thereâs significant selling pressure. Large and medium-sized sell orders are outweighing buys, showing that traders are taking profits after this pump. If FTM starts pulling back, the immediate support levels to watch are $0.5523 and $0.5318.
**In summary**
If you're holding FTM, consider locking in profits unless it convincingly breaks the $0.6008 resistance.If it starts to retrace, look to $0.5523 and $0.5318 as key support zones for potential re-entry or to hold the line.
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