CandleFocus Fantom (FTM) Defies Market Downturn, Eyes 40% Rally
2024-11-27
Author: Content Editor
Fantom (FTM) has seen an impressive price surge of over 10% and is currently trading near $1.05. The token has also experienced a 70% increase in trading volume, leading to a shift in market sentiment. FTM is currently facing a strong resistance level of $1.10 but has shown three consecutive days of attempting to break through. If FTM can breach this level and close above it, there is a strong possibility it could rise by 40% to reach $1.65 and potentially higher. Technical analysis suggests an uptrend, with FTM trading above the 200 EMA and an RSI indicating room for further upside rallies. On-chain metrics support this bullish outlook, with whales and investors accumulating tokens and traders demonstrating strong interest with a 15% rise in open interest.
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