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Fantom Breaks Major Resistance, Aiming for $13+ Growth with Bullish Momentum
The cryptocurrency market is witnessing a surge in bullish sentiment as Fantom (FTM) has recently broken its multi-year resistance level. This remarkable breakthrough signals an upward trajectory, indicating the potential for substantial growth exceeding $13.
In recent trading activity, FTM’s daily chart against Tether (USDT) clearly illustrates the cryptocurrency’s extraordinary price action. A breakout from a descending triangle pattern that persisted since 2021 has now taken place, which is often a strong indication of sustained gains.
Notably, analysts project long-term targets ranging between $13.85 and $15.00, showcasing the robust growth potential for FTM. This development comes as an exciting turn of events in the cryptocurrency market, offering investors a compelling opportunity to capitalize on this upward momentum.
The chart analysis reveals that Fantom’s price action demonstrates a breakout above a descending trendline formed during its prolonged downturn. The sudden and considerable increase has been accompanied by heightened volume and historical patterns pointing towards sustained growth.
The FTM’s Wave III appears supported by Fibonacci targets at $5.59, emphasizing the strong upward momentum. This notable development gives investors an excellent opportunity to join the market rally, potentially reaping significant returns.
As Fantom’s price rises steadily, it is crucial for investors to conduct their own research and consult with experts before making any investment or trading decisions.
Sources:
1. José Gustavo – 1768 posts
2. Wesley Munene – 46 minutes ago
Source: cryptonewsland.com
