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The Fantom (FTM) Chart is Flashing Bullish Signals

The price chart for Fantom (FTM) indicates several technical patterns that point to a potential bull run in the coming months. FTM has already seen impressive 200% gains recently when it hit highs around $0.60, but further upside appears likely according to chart analysis.

Current Chart: alt text

In particular, Fantom is forming a bullish Cup and Handle pattern on higher timeframe charts. This pattern has confirmed a breakout and retest, giving double confirmation that uptrend momentum is building. With this chart setup in place, FTM could experience massive additional gains if bullish sentiment persists.

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When looking at potential price targets, Fantom has multi-year highs of around $1.18 to challenge in the near term. However, based on typical Cup and Handle measured move targets, long-term projections point to the $3 to $10 zone if FTM stages another crypto bull frenzy.

Old Chart: alt text

For traders and investors looking to ride the FTM bull wave, key levels to watch are support at $0.30 and $0.20, along with initial resistance around $0.46. A solid close above $0.46 would indicate the next leg up has begun, with $0.60 and higher on the table. Accumulating FTM on any significant dips seems prudent given the constructive chart setup. As always, risk management is vital even in seemingly bullish conditions. But Fantom continues flashing signals that much higher prices could develop in this market with patience and disciplined trading.

This is My view so don’t take financial advice. Do your research before investing in any coins.

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Cryptopatel

CryptoPatel is a seasoned Technical and Fundamental Analyst with over a decade of experience in the cryptocurrency market. Renowned for his ability to identify high-potential Alpha and GEM projects, he has consistently delivered exceptional returns ranging from 10x to 100x. Follow for expert market insights, in-depth trend analysis, and valuable investment opportunities.

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CryptoPatel is a seasoned Technical and Fundamental Analyst with over a decade of experience in the cryptocurrency market. Renowned for his ability to identify high-potential Alpha and GEM projects, he has consistently delivered exceptional returns ranging from 10x to 100x. Follow for expert market insights, in-depth trend analysis, and valuable investment opportunities.

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