$FTM As of today, Fantom (FTM) is showing a bullish sentiment, although some caution is advised due to mixed market signals. The price has recently surged by over 6%, with FTM trading around $0.7465. The asset is currently experiencing upward momentum, supported by a steady increase in trading volume and technical signals indicating a possible breakout above key resistance levels at $0.7955.
In terms of price targets, if FTM maintains momentum above $0.75, the next key resistance at $0.7955 could pave the way for further gains, potentially reaching $0.80 or higher. The support level to watch is around $0.67, with a solid floor near $0.70. While the Relative Strength Index (RSI) is neutral, suggesting room for more upward movement, a decrease in active addresses poses a risk if the network’s engagement wanes.
For those considering entering, buying near $0.75 seems reasonable with a target price around $0.80 to $0.85. However, it’s important to monitor market sentiment, as the volatility could lead to short-term pullbacks. A cautious outlook remains advisable, given the potential for fluctuation.