Worldcoin

Fantom

Bonk

Billion

<p>Crypto trader Ali highlighted some constructive technical developments for a pair of altcoins, Worldcoin (WLD) and Fantom (FTM).</p> 
<p>Starting with <a href="https://twitter.com/ali_charts/status/1739338968938807762" target="_blank" rel="noreferrer noopener nofollow">Worldcoin</a>, Ali spotlights the emergence of a bull flag pattern on its 4-hour chart. Typically, continuation patterns and bull flags see assets consolidating briefly under resistance before breaking out upwards to resume the prior uptrend.</p> 
<p>Ali notes that should Worldcoin confirm an upside breakout, a rally toward the $6.30 area will come into focus. That would represent around an 80% gain from current levels.</p> 
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<p>With Worldcoin rallying from under $2 at the start of the year before recently consolidating gains, Ali believes the technicals align for additional upside. A decisive move above its short-term descending channel resistance near $3.80 should set the stage for continued strength.</p>  
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<p>Shifting to <a href="https://twitter.com/ali_charts/status/1739453976888922334?t=vLIVlTjk3Xh-SCrlMjGcNQ&amp;s=19" target="_blank" rel="noreferrer noopener nofollow">Fantom</a>, a large-cap smart contract platform, Ali identifies the potential for a bullish W-bottom pattern playing out on a higher timeframe weekly chart. After bottoming below $0.20 this past summer, FTM has shown considerable relative strength during the recent marketwide recovery.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="666" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-695-1024x666.png" alt="" class="wp-image-406845" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-695-1024x666.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-695-300x195.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-695-768x499.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-695-1536x998.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-695-2048x1331.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-695-231x150.png 231w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-695-100x65.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-695-336x220.png 336w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-695-538x350.png 538w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-695-788x512.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-695.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Now consolidating constructively above its 20-week moving average, Ali notes a weekly close over horizontal resistance at $0.57 would confirm the bullish pattern.</p> 
<p>In that scenario, Fantom’s upside target enters around the $1.60 area based on measuring the depth of the prior move down. Compared to June’s capitulation below $0.20, that would represent nearly an 8x return for FTM from current levels.</p> 
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<p>The post <a href="https://captainaltcoin.com/worldcoin-and-fantom-shows-bullish-outlook-analyst-shares-the-next-target-for-wld-and-ftm/">Worldcoin and Fantom Show Bullish Outlook, Analyst Shares The Next Targets for WLD and FTM</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Worldcoin and Fantom Show Bullish Outlook, Analyst Shares The Next Targets for WLD and FTM

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