CandleFocus Fantom (FTM) Poised for 50% Price Surge, Key Levels to Watch
2024-09-17
Author: Content Editor
Fantom (FTM) has experienced a price surge of over 9% in the last 24 hours, with strong trading volume indicating increased interest from traders and investors. Technical analysis suggests that FTM is bullish, having broken through a resistance level and a bullish pattern. If FTM can breach the $0.64 level, it could potentially see a 50% increase to the $0.85 level. On-chain metrics, including a high Long/Short ratio and a 25% increase in future open interest, further support the bullish outlook. Currently, the majority of top traders hold long positions, indicating a dominant bullish sentiment.
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