CandleFocus FTM could rally over 250% following its transition to Sonic: analysts
2025-01-07
Author: Content Editor
Crypto experts are predicting that Fantom (FTM) could potentially surge by over 250% in the short term. Analysts point to bullish patterns on the charts, such as breaking out of a falling wedge pattern and breaking above a long-term descending trendline. On-chain metrics also show increased trader activity and investment in FTM. The bullish outlook for FTM is supported by the upcoming rebranding of the Fantom Opera Network to Sonic Chain, as well as the launch of its native S token. Binance and other exchanges have announced support for the rebranding and token swap. Despite a recent decline in price, technical indicators suggest a potential bullish reversal for FTM. However, this article does not provide investment advice and is for educational purposes only.
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