FTM — Why You Should Watch It Closely!
After AAVE and TRX, FTM might be the next token to break out of a long-term trend.
Here are the facts:
• Strong downtrend since March (-66%)
• Trading in a consolidation zone after building a bottom
• Getting close to two crucial levels: 1) Upper resistance of consolidation zone (~0.425) and long-term downtrend (currently at ~0.40).
A breakout should propel FTM quickly to the next resistance at 0.54. However, breaking out of a 6-month downtrend can lead to much higher levels.
