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<p><a href="https://captainaltcoin.com/heres-when-fantoms-token-will-rebrand-to-s-as-ftm-price-pumps-again/" target="_blank" rel="noopener noreferrer nofollow">Fantom (FTM)</a> is showing promising signs of a potential rally, according to an analysis by crypto analyst Captain Faibik. The token, which has been trading within a descending wedge pattern for several months, broke through a key resistance level, indicating a possible shift in momentum.&nbsp;</p>
<p>Based on the positive signals on the chart, Captain Faibik advises Fantom could shortly hit or exceed its all-time high.</p>
<p>Furthermore, Captain Faibik’s chart analysis of Fantom reveals that the crypto has broken out from a descending wedge formation. Usually interpreted as a sign of a positive turnaround, this pattern indicates that the past declining trend has lost strength.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24FTM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$FTM</a> Looks Pretty Solid for Another Bullish Rally..!!<br><br>Expecting New All time High very Soon..<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f51c.png" alt="🔜" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/FTM?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#FTM</a> <a href="https://twitter.com/hashtag/FTMUSDT?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#FTMUSDT</a> <a href="https://t.co/UUp0aoCtsH" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/UUp0aoCtsH</a></p>— Captain Faibik <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f43a.png" alt="🐺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1843544638344331765?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 8, 2024</a>
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<p>The breakout occurred when <a href="https://coinmarketcap.com/currencies/fantom/" target="_blank" rel="noopener noreferrer nofollow">FTM’s price</a> pushed above the wedge’s upper boundary, a strong indication that buying pressure is beginning to outpace selling.</p>
<p>This breakout marks a potential turning point for Fantom, which had been trading in a confined range for some time. With the resistance level breached, the outlook for FTM appears positive, supporting the idea of a sustained rally in the coming days or weeks.</p>
<h2 class="wp-block-heading" id="strong-analyst-s-target-range-for-ftm-price-strong"><strong>Analyst’s Target Range for FTM Price</strong></h2>
<p>The price target range identified by Captain Faibik in his analysis is around $1.60 and $1.70. This projection represents a notable increase from current levels. If Fantom continues to build on its recent breakout, hitting this target could be within reach.&nbsp;</p>
<p>The analyst’s prediction is backed by the chart’s bullish momentum, with the green box highlighting the potential price zone FTM might aim for soon.</p>
<p>The ongoing buying activity could push the crypto toward this range, making it one of the key tokens to watch as the market reacts to these new developments.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/sui-price-pumps-but-will-vcs-dump-on-you-analyst-weighs-in/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>SUI Price Pumps, But Will VCs Dump On You? Analyst Weighs In</em></strong><strong><br></strong></a></p>
<h2 class="wp-block-heading" id="strong-potential-for-new-all-time-high-strong"><strong>Potential for New All-Time High</strong></h2>
<p>In his tweet, Captain Faibik expressed optimism about Fantom’s prospects, stating that the token <a href="https://thecryptobasic.com/2024/10/08/fantom-nears-50-fibonacci-breakout-is-1-on-the-bullish-radar/" target="_blank" rel="noopener noreferrer nofollow">looks solid for another bullish rally</a> and may soon reach a new all-time high. This view aligns with the technical analysis, where the breakout suggests a continued uptrend.</p>
<p>While the $1.60–$1.70 target remains a focus, Faibik’s broader expectation points to the possibility that FTM could soon challenge its previous all-time high. If the bullish momentum sustains, this scenario could unfold sooner than expected.</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/fantom-ftm-price-set-for-rally-expert-predicts-new-all-time-high-very-soon/" rel="noopener noreferrer nofollow">Fantom (FTM) Price Set For Rally? Expert Predicts New All-Time High ‘Very Soon’</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Fantom (FTM) Price Set For Rally? Expert Predicts New All-Time High ‘Very Soon’

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