$FTM **Fantom (FTM) Analysis - October 25, 2024**
Fantom (FTM) is currently trading at $0.6724, reflecting a notable increase over the past week, driven by growing adoption and improved ecosystem developments. The recent upgrades in its DeFi protocols have enhanced transaction speeds and reduced fees, attracting more users and liquidity to the network.
Technically, FTM is showing bullish signals with key support around $0.65. If the price holds above this level, it could aim for a target price of $0.75 in the coming weeks, indicating a potential upside of about 11%.
However, market volatility remains a concern, and a drop below the support level may signal a bearish trend, prompting investors to consider a sell price around $0.60 to minimize losses. Overall, the outlook appears bullish, provided the current momentum continues.
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