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<p>Fantom (FTM), a leading smart contract platform, has seen a surge of 18% over the past week. As bullish momentum builds, analysts are predicting a major breakout is on the horizon.</p>
<p>Fantom aims to solve scalability issues holding back other blockchains, using a directed acyclic graph (DAG) structure to achieve sub-two second transaction speeds. The open-source platform offers decentralized finance (DeFi) capabilities and facilitates easy porting of apps from other chains.</p>
<p>Recent Fantom Growth As crypto investor<a href="https://twitter.com/RAJAT_RAJ19/status/1735153351606878490?t=yngZSqEDoeY7mMVOuVAN_A&amp;s=19" target="_blank" rel="noopener noreferrer nofollow"> Rajat Raj (@RAJAT_RAJ19) tweeted</a> this week, “$FTM is doing crazy things. Soon it’s going to be adopted widely.” Propelled by growing developer and user adoption, Fantom’s native token has seen powerful growth.</p>
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<p>The Next Leg Up Now analysts believe FTM is poised for its next major price leap. Cryptocurrency trader <a href="https://twitter.com/Doms_Crypto/status/1735141533555311086?t=i_0hD6P2NJgnOlkTB2_HUg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Dom (@Doms_Crypto)</a> flagged a bullish technical sign emerging for the blockchain token: “$FTM with an imperfect ‘Cup &amp; Handle’ Breakout to the upside imminent?” Based on the chart pattern, he identified $0.41 as the key breakout trigger point.</p>
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<p>This target aligns closely with another trader’s view. “Once $FTM breaks 0.4046 .. it will fly,” tweeted analyst <a href="https://twitter.com/CryptoFido/status/1735133382282035238?t=AjuXiFvTGqdFjJtdG9Zgmg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Fido X (@CryptoFido)</a>. After an unsuccessful test of the $0.40 level in October, FTM pulled back but appears ready to rechallenge this resistance. A decisive break above $0.40 could see Fantom catapult higher.</p>
<p>With momentum accelerating and analysts eyeing a coming breakout, Fantom seems set to continue shaking up the smart contract platform landscape. Its speed, efficiency and rapid adoption look likely to drive FTM ever higher.</p>
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<p>The post <a href="https://captainaltcoin.com/fantoms-18-spike-may-only-be-the-beginning-as-ftm-bulls-target-massive-breakout-at-this-price/" rel="noopener noreferrer nofollow">Fantom’s 18% Spike May Only Be the Beginning as FTM Bulls Target Massive Breakout at This Price</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Fantom’s 18% Spike May Only Be the Beginning as FTM Bulls Target Massive Breakout at This Price

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