bullish

2024

Fantom

Time

<p>In Q4 2023, the Fantom (FTM) price started gaining bullish momentum and recovered from the strong consolidation phase. It rose more than 500% till the last week of March till the bullish trend was interrupted near the $1.20 mark.</p>
<p>In the last week of March, the momentum shifted towards sellers, with massive profit bookings witnessed. The <strong>FTM price</strong> has declined through a descending channel and has lost around 55%. However, the sellers seemed exhausted near the $0.3500 hurdle and a reversal scenario has been generated.</p>
<h2 class="wp-block-heading" id="h-analyst-claims-0-460-is-the-sweet-spot"><strong>Analyst Claims $0.460 is the Sweet Spot</strong></h2>
<p>Johnny (@CryptoGodJohn), a cryptocurrency analyst, claimed that the <a href="https://www.thecoinrepublic.com/2024/09/09/fantom-ftm-price-plots-path-to-1-as-sonic-testnet-goes-live/" rel="noopener noreferrer nofollow">FTM price</a> might shoot up once it sweeps the liquidity below the $0.460 mark. The Sonic Upgrade has triggered hype which could be a key factor for the bullish momentum.</p>
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   <p lang="en" dir="ltr">Interested in <a href="https://twitter.com/search?q=%24FTM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$FTM</a> longs if we get a sweep and reclaim<br><br>Sonic upgrade catching hype — think if we see alts rally into Q4 / October fantom will be a top performer <a href="https://t.co/eBgkcx1rrn" rel="noopener noreferrer nofollow">pic.twitter.com/eBgkcx1rrn</a></p>— Johnny (@CryptoGodJohn) <a href="https://twitter.com/CryptoGodJohn/status/1835755653685481944?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 16, 2024</a>
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<p>If the above scenario is accomplished, the <strong>FTM crypto</strong> could become the top performer of Q4 2024.</p>
<h2 class="wp-block-heading" id="h-is-ftm-price-ready-to-fly"><strong>Is FTM Price Ready to Fly?</strong></h2>
<p>Alex Clay (@cryptclay) tweeted that the FTM price chart looks awesome and has the potential for a bullish move. In weekly time fame, the price formed a double bottom pattern and underwent a correction phase. During the correction phase, the Fantom crypto price formed a Bullish Flag pattern in the shadow of key moving averages.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/FTM?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#FTM</a>/USDT Mid-Term <br><br>Awesome bullish structure on <a href="https://twitter.com/search?q=%24FTM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$FTM</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f403.png" alt="🐃" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br>Double Bottom accumulation, then we got a correction due to the market and formed a Bullish Flag just under the resistance confluence of mid-zone + ema 50 + ema 100 + ema 200<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9d0.png" alt="🧐" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Breakout is imminent imo<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;"> short-term… <a href="https://t.co/X1EcmDZMSX" rel="noopener noreferrer nofollow">pic.twitter.com/X1EcmDZMSX</a></p>— Alex Clay (@cryptclay) <a href="https://twitter.com/cryptclay/status/1835725443564982388?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 16, 2024</a>
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<p>After the successful breakout, the FTM crypto is expected to achieve its short-term target of $1.23. It may go for the $1.77, $2.70, and $3.36 in the mid-term.</p>
<h2 class="wp-block-heading" id="h-technical-analysis-of-fantom-price-over-1-d-time-frame"><strong>Technical Analysis of Fantom Price Over 1-D Time Frame</strong></h2>
<p>When writing, the Fantom crypto was trading at $0.562, having surged 8.06% over the past 24 hours. The market capitalization was $1.49 Billion and the 24-hour trading volume was $268.89 Million.</p>
<p>The FTM price has shaped a bullish flag on a daily time frame and has triggered a breakout. During the breakout, the <strong>Fantom price</strong> exceeded the 200-day EMA, and trading volume increased by 28%.</p>
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<p>If the FTM price stays away from the channel, it could invite buyers which may trigger bullish momentum. The price may extend to the psychological level of $1 in a single spike. Exceeding this mark may invite investors and may perform positively for the next few months.</p>
<p>Alternatively, if the digital asset price forms a negative candlestick and slips below the 200-day EMA, buyers might panic. If the price renters the channel, it could be a fakeout and sharp selling can be seen further.</p>
<h2 class="wp-block-heading" id="h-technical-analysis"><strong>Technical Analysis</strong></h2>
<p>The charts suggest there is potential for a bullish momentum. Analysts are predicting a positive outlook for the FTM crypto, with potential short-term targets of $1.23 and mid-term targets of $1.77, $2.70, and $3.36.</p>
<p>Technical analysis also suggests the possibility of a bullish breakout, especially if the price stays away from the channel and exceeds the psychological level of $1.</p>
<p>However, it’s important to monitor the price movement closely and consider risks, such as a fakeout if the price re-enters the channel.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2024/09/17/ftm-price-displays-breakout-is-it-time-for-recovery/" rel="noopener noreferrer nofollow">FTM Price Displays Breakout, Is It Time For Recovery?</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

FTM Price Displays Breakout, Is It Time For Recovery?

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