🚨 $FTM /USDT TECHNICAL ANALYSIS – POTENTIAL BREAKOUT LOOMING! 🚨
Fantom ($FTM ) is trading at $1.1449, showing mild recovery with a +0.22% increase. The price action suggests a consolidation phase, gearing up for a possible breakout. Here’s what to watch:
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Key Targets
1️⃣ Target 1: $1.1600
A breakout above this level could confirm bullish momentum and attract buyers.
2️⃣ Target 2: $1.2000
With strong volume, FTM may aim for this next key resistance zone, pushing the bullish narrative.
3️⃣ Target 3: $1.2500
If bullish sentiment sustains, the price could target $1.2500, marking a significant recovery milestone.
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Support Levels
Immediate Support: $1.1200 – Maintaining this level is crucial for the bullish structure.
Critical Support: $1.0800 – A breakdown below this could invalidate bullish trends and open the door for further declines.
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Trade Setup
Bullish Entry: On a confirmed breakout above $1.1600, with targets at $1.2000 and $1.2500.
Bearish Risk: Falling below $1.1200 could signal bearish momentum, retesting $1.0800.
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FTM is at a critical juncture. Traders should monitor volume and key levels closely to capitalize on the next big move!
#FTM #CryptoSignals #TradingAnalysis #Binance
