🚀$FTM
FTM/USDT Technical Analysis & Targets 🎯
Market Overview:
Current Price: 0.7626 USDT
24h Change: +9.08% (≈ Rs 212.29)
24h High: 0.7673 USDT
24h Low: 0.6634 USDT
24h Volume:
FTM: 117.48M
USDT: 83.04M
Technical Insights:
The FTM/USDT pair is among the top gainers, displaying strong bullish momentum as it approaches resistance levels. A breakout could push prices further, but caution is advised around overbought zones.
Support Level 1: 0.7380 USDT (Immediate support)
Support Level 2: 0.7040 USDT (Secondary support)
Resistance Level 1: 0.7673 USDT (24h high and immediate resistance)
Resistance Level 2: 0.7900 USDT (Key breakout level for extended gains)
🎯 Target Levels:
1️⃣ Target 1: 0.7673 USDT
Rationale: Immediate resistance and 24h high; breaking this level confirms the bullish trend.
2️⃣ Target 2: 0.7900 USDT
Rationale: Significant resistance; strong volume can push prices here.
3️⃣ Target 3: 0.8200 USDT
Rationale: Psychological level and potential extension of bullish momentum.
Indicators:
MA(5): 1,779,473 – Suggests sustained short-term buying pressure.
MA(10): 2,264,989 – Indicates broader bullish trend.
Volume: 619,682 FTM in recent trades shows robust market activity.
Depth Analysis:
AVL: 0.7627 – Shows strong buyer activity at current levels.
BINANCE Depth: Significant trading action between 0.7042 and 0.7673.
Trading Strategy:
For Bulls: Enter on a pullback near 0.7380 or after a breakout above 0.7673, with targets at 0.7900 and 0.8200.
For Bears: Consider shorting near 0.7900 if resistance holds, with stops above 0.8200.