$FTM

📊 FTM/USDT Technical Analysis: Is Fantom Ready to Surge?

FTM is currently trading at $1.1223, sitting at an important price point that could lead to significant movement. Here’s the breakdown:

Key Levels to Watch:

🔻 Support: $1.0800 – This has been a reliable support zone. A dip below this could lead to further downside, with targets around $1.0500.

🔺 Resistance: $1.1500 – A crucial resistance level. A successful breakout here could trigger a bullish push towards $1.2000 and beyond.

Price Action:

FTM has been consolidating in a tight range, testing support and resistance levels. With the price currently hovering near resistance, the next move will likely be dictated by whether it breaks higher or faces rejection.

Entry Strategies:

✅ For Bulls: Watch for a breakout above $1.1500, signaling potential upward momentum. Targets: $1.2000 and $1.2500.

✅ For Bears: If FTM fails to break above $1.1500 and breaks below $1.0800, consider shorting with potential targets at $1.0500 and $1.0000.

With price action nearing key levels, FTM could be gearing up for its next major move. Will the bulls push past resistance, or will bears take control? Stay alert, manage your risk, and trade wisely!

What’s your outlook on FTM? Share your thoughts below! 🚀📉

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