CandleFocus Is $1 On Cards As Fantom (FTM) Bull Cycle Breaks Falling Channel?
2024-09-17
Author: Content Editor
The price of Fantom's FTM token has surged by 51% and is showing a bullish trend, leading to speculation that it could reach $1. The recent breakout rally and strong bullish momentum have allowed Fantom to exceed the 200-day EMA and surpass various resistance levels. The price is currently at $0.5636 with an intraday gain of 8.36% and is expected to target further resistance levels based on Fibonacci retracements. However, there are multiple resistance levels below the $1 mark that may pose challenges to Fantom's bull run. The support level at $0.4930 is expected to remain strong.
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