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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/fantom-defies-market-trend-with-notable-surge" rel="noopener noreferrer nofollow">Fantom Defies Market Trend with Notable Surge</a><br></p>
<p style="text-align: justify">While the <a href="https://en.bitcoinhaber.net/exploring-this-weeks-major-events-in-the-crypto-markets" rel="noopener noreferrer nofollow">cryptocurrency</a> market faced a downturn with <a href="https://en.bitcoinhaber.net/bitcoins-potential-rise-underestimated-amid-etf-speculations" rel="noopener noreferrer nofollow">Bitcoin</a> plunging below $65,000, Fantom (FTM) token showcased resilience by climbing over 13%, breaching the $1 mark. The altcoin demonstrated a remarkable upward trajectory since late January, buoyed by a robust intersection between the $0.3 support level and the 200-day exponential moving average, leading to a 241% increase in its value over two months, now trading at $1.04.</p>
<h2 id="ftm-s-market-performance-and-investor-confidence">FTM’s Market Performance and Investor Confidence</h2>
<p style="text-align: justify">The uptrend in FTM’s price was mirrored by a surge in open positions, with data from Coinglass indicating a jump from $63.5 million to $267 million, signaling a possible boost in investor confidence. This 320.47% rise also coincides with the formation of a rounded bottom in the price chart—a bullish reversal pattern suggesting a potential shift to an upward trend.</p>
<h2 id="chart-analysis-and-future-projections">Chart Analysis and Future Projections</h2>
<p style="text-align: justify">The rounded bottom pattern, characterized by a slow and steady price recovery, suggests a continuation of the bullish trend. With FTM breaching the $1.04 resistance level with a strong bullish candle, the token is poised for a sustained increase. Should the momentum hold, price targets of $1.25 and even $1.68 could be within reach, indicating a robust revival for the cryptocurrency.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/fantom-defies-market-trend-with-notable-surge" rel="noopener noreferrer nofollow">Fantom Defies Market Trend with Notable Surge</a></h5>

Fantom Defies Market Trend with Notable Surge

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