🚨 $FTM

/USDT Technical Analysis: Key Levels to Watch 🚨

As we look at $FTM /USDT's price action, it’s clear that the asset is currently hovering around 0.7942, showing a slight dip of -0.05%. Let's break down the key support and resistance levels that traders should keep an eye on:

🔴 Resistance Levels:

1. 0.8000 - A psychological level that has shown some strength in the past, and a break above could set the stage for further gains.

2. 0.8200 - The next major resistance, where we may see increased selling pressure if the price continues to rise.

🟢 Support Levels:

1. 0.7800 - A strong support zone where buyers could step in to prevent further declines.

2. 0.7600 - If FTM/USDT drops below 0.7800, this level will be critical in holding the price from a deeper downtrend.

With 0.7000 as a long-term support and 0.6800 as the ultimate floor, these levels will be crucial in determining FTM’s next move.

📅 Timeframe to Watch: Keep an eye on the price action around 12:00 and 09:00, as these could provide valuable insights into short-term trends.

🔍 Target to Watch:

Target 1: A breakout above 0.8000 could push prices toward 0.8200.

Target 2: If the price dips, watch for a potential rebound at 0.7800 or 0.7600.

Target 3: For more bearish scenarios, the 0.7400 level remains a critical support to keep in mind.

Stay informed, manage risk, and happy trading!

Let me know if you'd like any changes or additional information!