$FTM
T/USDT Technical Analysis - Binance
Current Price: $3.6721
24h Range: $3.3635 - $3.8100
24h Volume: 6.85M FTT ($24.53M USDT)
FTT is showing mixed momentum in the past 24 hours. Here’s a technical breakdown and potential targets based on current market conditions:
Technical Overview
1. Resistance Levels:
$3.80: Strong resistance at the 24h high; breaking above could confirm bullish sentiment.
$4.00: Key psychological level that could act as a magnet for traders in case of a breakout.
2. Support Levels:
$3.50: Initial support; maintaining this level is critical for stability.
$3.36: 24h low; if breached, it could signal further bearish movement.
3. Indicators:
RSI: Hovering near neutral levels, indicating indecision among traders.
Volume: Strong buying activity suggests potential for a breakout above resistance.
3 Price Targets 🎯
1. Short-Term Target: $3.80
Achievable if buying momentum continues. Watch for a breakout above $3.72 with increasing volume.
2. Mid-Term Target: $4.00
Reaching this level would confirm bullish sentiment and could lead to sustained upward momentum.
3. Long-Term Target: $4.50
If bullish momentum accelerates, FTT could test higher levels. This target aligns with prior consolidation zones and Fibonacci extensions.
Market Sentiment
Traders are advised to monitor resistance at $3.80 and watch for sustained volume to confirm upward movement. Breaking below $3.50 might indicate a bearish shift, so plan stop-losses accordingly.
Always conduct your own research and manage risks while trading.
Trade now on Binance and stay ahead of the market! 🚀