Fantom

<a href="https://optimisus.com/news/blockchain-news/fantom-to-refund-15-of-gas-fees-to-eligible-dapps-projects/" rel="noopener noreferrer nofollow">The blockchain platform Fantom</a> is displaying signs of a possible bullish reversal, with analysts pointing to the formation of a double-bottom pattern.  
Analyst Ali highlighted the emergence of a "W" pattern on <a href="https://optimisus.com/news/blockchain-news/fantom-unveils-decentralized-funding-platform-ecosystem-vault/" rel="noopener noreferrer nofollow">FTM</a>'s weekly price chart in a recent post on X, implying a bullish resurgence for the asset.  
A double bottom, also known as a "W" pattern, is a recognized technical analysis formation that indicates a potential downtrend reversal.  
This pattern is distinguished by the price forming two consecutive bottoms, followed by a sharp bullish move, indicating a shift in market sentiment.  
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According to the most recent data, Fantom is currently trading around $0.548, representing a 34% increase in the last week.  
Analysts believe that confirming the double bottom pattern will pave the way for a bullish breakout towards the $1.60 level.  
As the platform continues to garner attention for its blockchain technology and potential market developments, investors and enthusiasts are keeping a close eye on Fantom's price movements. 
The post <a href="https://optimisus.com/news/crypto-news/fantom-ftm-increases-by-over-35-in-the-past-week/" rel="noopener noreferrer nofollow">Fantom (FTM) increases by over 35% in the past week</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Fantom (FTM) increases by over 35% in the past week

Optimisus

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