$FTM /USDT Technical Update - Bullish Surge in Motion!

Current Price: $0.7097 (+8.14%)

Key Highlights:

24H High: $0.7635

24H Low: $0.6219

Volume: 65.27M FTM

Technical Overview:

$FTM/USDT has witnessed a strong bullish rally, breaking above key EMA levels:

7 EMA: $0.6952

25 EMA: $0.6716

99 EMA: $0.7005

The price retraced slightly after hitting the resistance at $0.7635 but remains well above critical supports, showing sustained bullish pressure.

Support Levels: $0.7000 | $0.6660

Resistance Levels: $0.7300 | $0.7635

What’s Next?

A bounce from the $0.7000 support level could lead to a retest of $0.7300 and possibly $0.7635. Failure to hold $0.7000 may lead to consolidation near $0.6660.

Strategy:

Consider entries around $0.7050-$0.7100 with targets at $0.7300 and $0.7635. Use a stop-loss at $0.6900 to minimize risk.

Observation:

The breakout is supported by increased volume and EMA alignment, indicating continued bullish momentum. Watch for a sustained move above $0.7300 for further upside confirmation.

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