Resistance

Fantom

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/fantom-ftm-price-aims-for-a-breakthrough/" data-wpel-link="internal">Fantom (FTM) Price Aims for a Breakthrough</a><br></p>
<p style="text-align: justify"><strong>Fantom (FTM)</strong> price has yet to confirm the rising formation recorded towards the end of February. According to experts, considering the support from whales and if FTM reclaims the $1 mark, this could happen in the coming days. Here are the details!</p> 
<h2 id="ftm-s-resistance-zone">FTM’s Resistance Zone</h2> 
<p style="text-align: justify">FTM price is rebounding from a significant support range and may subsequently attempt to surpass the $1.0 resistance. This effort is also supported by whales who have accumulated heavily in the last few days. Addresses holding between 100,000 and 10 million FTM have added over 19 million <strong>FTM</strong> worth nearly $19 million in the past seven days.</p> 
<p style="text-align: justify">Since whale addresses dominate the circulating supply, their actions can tend to influence the price. If this accumulation by the whales continues, it is likely to lead to an increase in FTM price. Considering the movements on <strong>Fantom’s</strong> daily chart, it could also indicate bullish signals from the relative strength index (RSI), which is a momentum oscillator that measures the velocity and change of price movements.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-339415 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/ftm.jpg" alt="" width="851" height="367"></p> 
<h2 id="current-data-on-ftm">Current Data on FTM</h2> 
<p style="text-align: justify">RSI values range from 0 to 100, indicating overbought conditions above 70 and oversold conditions below 30. Currently, the RSI is above the neutral mark of 50.0, suggesting that the Fantom <strong>token</strong> has the potential to climb higher as the RSI remains in the bullish zone.</p> 
<p style="text-align: justify">Additionally, the <strong>FTM</strong> price is currently trading at $0.98 and is approaching $1.00. Converting the mentioned level into support could enable Fantom to reach its target price of $1.61, indicating a 55% price increase. According to experts, this target was determined by the parabolic recorded by FTM in mid-February. Despite a successful correction to test the support levels of the base 3 price levels, the <strong><a href="https://coin-turk.com/xrp-neden-yukseliyor-bitcoinde-boga-sezonu-mu-basliyor" data-wpel-link="internal">Altcoin</a></strong> failed to produce a rising chart.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/fantom-ftm-price-aims-for-a-breakthrough/" data-wpel-link="internal">Fantom (FTM) Price Aims for a Breakthrough</a></h5>

Fantom (FTM) Price Aims for a Breakthrough

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