$FTM

📊 Technical Analysis for FTM/USDT – December 16, 2024

FTM/USDT is experiencing a +6.08% gain, currently trading at $1.3880, with notable price action over the last 24 hours. Here’s an overview of key metrics, technical insights, and possible targets for traders:

🔹 Key Metrics

Current Price: $1.3880

24h High: $1.4782

24h Low: $1.3004

24h Volume:

FTM: 145.63M

USDT: 202.39M

🔹 Technical Indicators

1. SAR (Stop and Reverse):

Current SAR value: $1.3401

Bullish Signal: Price is above the SAR, indicating upward momentum.

2. Bollinger Bands (BOLL):

Price is nearing the upper band, signaling potential resistance near $1.45–$1.47.

3. MACD (Moving Average Convergence Divergence):

Positive divergence confirms strong buying interest, suggesting continued bullish momentum.

🎯 Targets for FTM/USDT

1. Target 1: $1.45

Immediate resistance level near the upper Bollinger Band. If broken, the bullish trend could accelerate.

2. Target 2: $1.50

A key psychological level and strong resistance. A breakout here would signal further bullish continuation.

3. Target 3: $1.60

Long-term target, achievable if the momentum stays strong and volume continues to rise.

🔔 Strategy Tips

Short-Term Traders: Watch for price action around $1.45. A failure to break this level may result in a pullback to $1.35 or $1.30.

Mid-Term Investors: Consider accumulating between $1.30–$1.40 for a potential move to $1.50.

Long-Term Holders: Stay invested targeting $1.60, but watch for market corrections near key resistance levels.

Stay informed and trade responsibly! 🚀

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