Based on technical analysis, I present the FTM price forecast as follows:
$FTM
Bullish scenario (70% chance):
Target: 1.1000-1.1356 USDT
Condition: Price breaks resistance at 1.0700 USDT with increased volume
Basis:
• Uptrend confirmed by MA20, MA50
• Increasing OBV indicates money inflow
• Stochastic RSI trending upwards
• Ascending channel is forming
Bearish scenario (30% chance):
Price range: 0.9500-1.0000 USDT
Condition: Price breaks support at 1.0000 USDT
Basis:
• RSI(6) close to overbought territory
• Consolidation at resistance through Doji candles
• Volume not spiking
Recommendation:
Buy at 1.0000-1.0200 USDT
Take partial profits at 1.0700 and 1.1000 USDT
Cut losses below 0.9500 USDT
Monitor volume and RSI to confirm the trend