The native token of Fantom, FTM, has seen a recent price drop but may be reversing its downtrend. Technical analysis suggests that FTM has found support at the $0.60 level and is showing bullish divergence on its daily chart. If the token can maintain support at this level, it is likely to surge by 50% to reach $1.05. FTM is currently trading around $0.70 and has experienced a 9.5% price rally in the past 24 hours. Trading volume for FTM has also increased by 26%. On-chain analytics firm Coinglass indicates strong bullish sentiment among traders, with 73.7% holding long positions and 26.3% holding short positions. Combining these factors suggests that FTM is poised for a potential rally.



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