$FTM **FTM (Fantom) Analysis - October 19, 2024**
Today, FTM is trading at $0.7319, showing moderate volatility. The overall market sentiment around FTM leans slightly bullish, as Fantom's continued advancements in DeFi and scalability make it appealing to long-term investors. However, the recent price consolidation suggests cautious optimism in the short term.
A bullish outlook sees FTM breaking through key resistance at $0.75, potentially rallying towards $0.80 in the coming days if market momentum remains favorable. On the bearish side, if support at $0.70 fails, it could dip to around $0.65, driven by macroeconomic factors or broader market downturns.
**Target price:** $0.75
**Sell price:** $0.80 (for profit-taking)
Investors should monitor market trends and external influences like Bitcoin's movement for further direction.
