FTM is trading at $1.28, reflecting a 5.01% increase in the last 24 hours, with growing optimism surrounding its recent price action.
was trading at $1.28, at press time, reflecting a 5.01% increase in the last 24 hours, with growing optimism surrounding its recent price action.
FTM’s current price action puts it in a strong position to challenge the crucial $1.40 resistance level. However, breaking this barrier will need sustained buying pressure and favorable market conditions. Traders are closely watching the altcoin’s next move.FTM’s weekly chart highlights the significance of the cup-and-handle breakout. This pattern often marks the start of bullish trends, and FTM’s price is no exception.
Additionally, the consistent formation of higher lows and increasing buying volume strengthens the bullish case for FTM. If this momentum continues, surpassing $1.40 could unlock a new phase of aggressive upside for the token.Technical indicators validate FTM’s bullish outlook. For instance, the MACD showed a strong bullish crossover, with the MACD line at 0.1546, which is well above the signal line at 0.0769. This points to continued upward momentum.
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