$FTM has been showing a strong upward momentum, with the price currently sitting at $0.4072, marking a 9.14% increase. The chart shows a significant bullish candlestick on the 4-hour timeframe, signaling strong buying pressure. This recent surge has pushed FTM towards a new 24-hour high at $0.4092, breaking through short-term resistance levels.
Bullish indicators:
The price has consistently been moving above the $0.40 psychological level, which suggests that traders are confident in a sustained uptrend.
The 30-day performance of $FTM shows a gain of over 23%, indicating a long-term upward trend that supports continued growth.
With today's gain of 5.68%, the market sentiment appears strong, signaling that FTM could test higher resistance zones soon.
Prediction: If $FTM continues this upward momentum, we could see the price attempt to break through the $0.42 resistance level. Once that happens, the next target could be $0.45, which would confirm the bullish reversal on a higher timeframe. However, if the price encounters resistance near $0.42, a pullback to the $0.39 support level could happen before another leg up.
FTMâs 1-year performance of 103.50% shows significant potential for continued growth, but traders should watch for key resistance levels in the short term.
đ FTM Bullish Prediction:
Resistance: $0.42
Support: $0.39
Targets: $0.45, $0.50 (on a sustained rally)
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