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$15 Cycle Top Set for Fantom (FTM), as Altcoin Price Chart Completes Bullish Golden Cross Pattern
The cryptocurrency market has been witnessing an unprecedented rally in recent days, with Bitcoin setting a new all-time high. As the pioneer cryptocurrency continues to chart its course towards $110,000 and beyond, analysts are now turning their attention to altcoins. Specifically, Fantom (FTM) has caught the eye of many due to its impressive 12% surge over the last 24 hours.
According to recent data, FTM’s price chart has completed a bullish golden cross pattern, a phenomenon that historically precedes significant gains for the asset in question. This comes as no surprise given the current market conditions and the trend towards altcoin adoption we’re witnessing.
Analysts are now pointing out that this cycle top set is primed to propel FTM to new heights, with some expecting a move up to $15. While this may seem ambitious to some, it’s essential to remember that this is not a prediction for the faint of heart. The cryptocurrency market is notoriously unpredictable and can change direction at any moment.
Still, with an already impressive 12% gain in the last day alone, it’s clear that sentiment has turned decidedly bullish around FTM. This, combined with the fundamental strength underpinning its narrative, could very well propel it to unprecedented heights.
As such, investors are advised to keep a close eye on this developing situation and consider positioning themselves for potential gains as FTM continues to push higher.
Source: cryptonewsland.com
