Fantom

Date: Tue, Sept 10, 2024, 05:42 AM GMTThe cryptocurrency market is shining with bullish sentiments as Bitcoin (BTC) makes strides toward reclaiming the $60K price level. This surge in Bitcoin&#39;s value has positively impacted several <a href="https://coinsprobe.com/top-3-ai-tokens-to-watch-this-week-fet-render-and-tao-in-focus/" rel="noopener noreferrer nofollow">altcoins</a>, with Fantom (FTM) among the top gainers. Over the past 24 hours, FTM has seen a significant rally, climbing by 12.63%.<h3 id="strong-what-s-behind-the-surge-strong">What’s Behind the Surge?</h3>Fantom has been tracking a falling wedge pattern on its daily chart, a formation that often signals a potential breakout. Yesterday, FTM finally broke above the downtrend line at the $0.46 level, pushing the price to its current value of $0.48.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/73e9109b7f0b4164b53fcdbd7eb7ceef.png" /><h3 id="strong-can-ftm-reach-1-strong">Can FTM Reach $1?</h3>As Fantom continues its upward momentum, the next key resistance levels to watch are $0.51, $0.60, and $0.83. If FTM maintains this pace, it could potentially double from its current price and reach the $1 mark. The Relative Strength Index (RSI) is currently at 64.50, with the RSI-Based Moving Average (MA) at 47.34, indicating that FTM is positioned for a strong bullish rally.However, it&#39;s crucial to monitor Bitcoin&#39;s performance, as any significant moves by BTC could influence FTM’s trajectory.Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.Related Articles: <a href="https://coinsprobe.com/bittorrent-btt-surges-in-significant-rally-are-more-gains-on-the-horizon/" rel="noopener noreferrer nofollow">BitTorrent (BTT) Surges in Significant Rally: Are More Gains on the Horizon?</a>

Fantom (FTM) Surges Following Major Breakout: Will It Reach $1?

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