#FTM

Despite the whole bullish narrative of the market, Fantom does not look that good.

Let's start with the chart, there is a Rising Wedge that ends right at the resistance of $0.42. Buying #FTM makes sense ONLY AFTER breakout of the resistance.

♨️ At the moment it is pretty risky.

Talking about the project itself, the blockchain is quite old already. They started with the narrative about fast transactions and low fees. Now every single project has these features.

That's why this coin dropped from #30 place by market cap in 2022 to #63 place in 2024