42 FTM/USDT Technical Analysis: A Bullish Outlook with Long-Term Targets Chart Analysis: FTM is currently trading at $0.36, and an exciting pattern is forming on the higher time frame (HTF). We can spot a Cup & Handle pattern, with the cup already formed and the handle in progress. This pattern suggests that FTM might experience a significant price surge after breaking above the neckline resistance. Long-Term Targets: Buckle up, because the outlook for FTM is supremely bullish! Based on the chart analysis, we expect FTM to potentially skyrocket to $10 during the next bull run. That’s an incredible 30x-40x increase from its current price level. Read More CryptoNews: Bitcoin ETFs See $237.20M Inflows | Bitcoin’s Recovery Phase | Tornado Cash Co-Founder Fights Back Against ChargesSupport and Resistance Levels: Key support levels to keep an eye on are $0.25 and $0.170. If the price takes a dip and approaches these levels, it could be an amazing opportunity to accumulate more FTM tokens. On the flip side, resistance levels stand at $0.46, $0.60, $1.18, and $3.31. Breaking above these resistances could fuel further bullish momentum. Opportunities for Accumulation: According to the analysis, every significant dip in FTM presents a golden opportunity to accumulate. If the price nears the robust support level of $1.75, it could be a strategic entry point for investors seeking to grow their FTM holdings. Conclusion: In conclusion, the technical analysis of FTM/USDT signals a bright future for Fantom (FTM). The Cup & Handle pattern, along with the potential long-term target of $10, suggests significant gains on the horizon. Remember, always conduct your own research and exercise caution before making any investment decisions. Takeaways: FTM/USDT is forming an exciting Cup & Handle pattern. A breakout above the neckline resistance at $0.60 could ignite a powerful bullish rally. Long-term targets project a potential rise to $10 during the next bull run. Look for opportunities to accumulate during significant dips. This post is for informational purposes only, not financial advice. Disclaimer: This analysis is not financial advice. Always do your own research and consult with a professional financial advisor before making any investment decisions. Let’s ride the FTM rocket to the moon!
