Cryptocurrency

Sonic

Fantom

Coin

<ul>
 <li>FTM's price has consistently traded within an ascending parallel channel on the daily chart.</li>
 <li>Four consecutive bullish candles on the daily chart suggest a potential rounding bottom reversal pattern.</li>
 <li>#<a href="https://www.coingabbar.com/en/crypto-currency/fantom-ftm-prices-usd" title="Fantom" class="f-link">Fantom</a>'s price must stay above 23.60% Fibonacci for upward momentum, aiming for a close beyond $1.25.</li>
 <li>The launch of the first validator utilizing Sonic Tech resulted in a significant surge in $FTM's price.</li>
 <li>A noticeable trend reversal is evident on the weekly chart, indicating substantial upside potential for $FTM.</li>
 <li>The combination of a long-term downtrend and consolidation below $1 led to a breakout of a double-bottom pattern, signaling a bullish trend for the altcoin.</li>
 <li>A golden crossover has recently occurred on the weekly chart, reinforcing the bullish outlook.</li>
 <li>FTM's daily chart shows a bullish reversal from the $0.8000 mark and the 50-day EMA, successfully reclaiming the $1 level.</li>
 <li>With robust buying pressure, the uptrend may target $1.75 or the 50% Fibonacci retracement level in an optimistic scenario.</li>
 <li>However, failure to sustain above the 23.60% Fibonacci level may result in a price decline towards the neckline of the double bottom pattern.</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" title="Coin Gabbar analysis" class="f-link">Coin Gabbar analysis</a>, #Fantom Price Prediction 2030 is likely to stabilize around $10, with Fantom Price Prediction 2040 is anticipated to surge to approximately $25.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $1.4000-$2.0000
SUPPORT LEVEL : $0.6500-$0.4000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

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