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Fantom Breaks Major Resistance, Aiming for $13+ Growth with Bullish Momentum
In a significant market development, Fantom (FTM) has broken through its multi-year resistance level, setting the stage for substantial price growth. According to analysts, the cryptocurrency’s weekly chart against Tether (USDT) shows a clear breakout from a descending triangle pattern established since 2021.
As of now, FTM is trading at $1.24, with signs of robust bullish momentum emerging. Long-term targets have been set at $13.85 and $15.00, indicating an astonishing growth potential for the asset.
The recent breakaway from the multi-year resistance level has sparked increased enthusiasm among investors and analysts alike. The chart patterns suggest that FTM may enter a sustained upward trajectory, driven by its growing adoption and the general market sentiment.
Fantom’s price action demonstrates a significant upside move above a descending trendline formed during its prolonged downtrend. This breakaway is accompanied by higher lows along a rising support line, highlighting the cryptocurrency’s newfound momentum.
Notably, Captain Faibik has emphasized FTM’s upward potential, foreseeing a potential surge of over $13 for the asset in the near future. Other analysts are equally optimistic, pointing to Fantom’s impressive growth prospects and its readiness to capitalize on the current market trends.
The news is expected to have far-reaching implications for the cryptocurrency landscape, as it may fuel further buying pressure and drive more assets higher.
Source: cryptonewsland.com
