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Fantom Price Maintains $0.70 Support, Eyes To Hit $1 This Month?
As the cryptocurrency market continues to fluctuate rapidly, Fantom’s (FTM) price has successfully retested its $0.70 mark, resulting in a bullish reversal. Despite this significant milestone, the technical indicators are exhibiting mixed signals, which may lead to increased uncertainty for traders and investors.
The current support level remains at $0.60, while the resistance stands at $1.00. Over the past 11 days, Fantom has suffered a loss of approximately 12.86%, indicating a rise in selling pressure within the crypto market. However, this setback did not deter the bulls from maintaining the value above the critical level of $0.70.
In the short term, it is crucial to monitor if the FTM price can sustain its current rally and make an attempt to surpass the recent resistance at $0.80. The 24-hour trading volume has reached a staggering $232.52 million, further emphasizing the growing interest in this altcoin.
It remains essential for investors to carefully track the market trends and potential regulatory updates that could impact Fantom’s price trajectory.
Source: coinpedia.org
