Here’s the technical analysis report for $FTM /USDT based on the provided chart:

$FTM is currently trading at $0.6567, reflecting a 13.73% increase in the past 24 hours. The price recently hit a 24-hour high of $0.6688, demonstrating strong bullish momentum. FTM has steadily risen from its low of $0.5555, breaking key resistance levels along the way, and showing positive market sentiment.

The next resistance to watch is at $0.6688. If FTM can break above this level, it could continue its upward trajectory towards $0.6800 and beyond. However, a failure to sustain above this resistance could lead to a pullback, with immediate support found around $0.6047 and $0.5555.

Given the sharp rally, traders should monitor for potential corrections, as FTM may consolidate before attempting another move upward. Risk management is key, and setting appropriate stop-loss orders is advisable to protect gains from the recent surge in price.

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