FTM Technical Analysis

17 ביולי

Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.

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Now, let’s dive into this chart analysis:

FTM has shown a decent rebound after a 60% downtrend since May 2024.

The price is currently testing the resistance level at $0.55, where we have the primary resistance as well as the 35 EMA.

A breakout will likely continue the bullish move toward the upper resistance trendline at around $0.707. A rejection, on the other hand, will provide a good buying opportunity at around $0.432.

- Primary Resistance: $0.55.
- Mid-Resistance: $0.707.
- Higher Resistance: $1.242.
- Lower Support: $0.432.

DYOR, NFA.

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