Fantom / TetherUSViés de alta
FTM Coin Technical Analysis: Weekly Breakout
What is Fantom (FTM)?
Fantom (FTM) is a high-performance blockchain platform designed to address the scalability limitations faced by the Ethereum network. It utilizes an innovative consensus mechanism called Lachesis, which achieves faster transaction speeds and lower fees than Proof-of-Work (PoW) blockchains. FTM serves as the native token of the Fantom ecosystem, facilitating transactions, governance participation, and staking rewards.
FTM Coin Information:
Symbol: FTM
Blockchain: Fantom
All-Time High (ATH): $3.2514 (as of March 18, 2024)
All-Time Low (ATL): $0.00000041 (as of March 18, 2024)
Official Website: fantom.foundation
Technical Analysis
Weekly Breakout: FTM has decisively broken out of its long-term trading range on the weekly timeframe, indicating bullish momentum and market confidence in further upside.
Upward Trend: The uptrend in FTM continues on the weekly timeframe, with the price currently conquering new highs.
Resistance Levels:
$1.0846: The first resistance level ahead of FTM sits at $1.0846.
$1.09819: If the previous resistance is breached, $1.09819 will act as the next hurdle.
$3.2514: The All-Time High (ATH) for FTM is $3.2514. A breakout above this level could act as a strong catalyst for the continuation of the uptrend.
Targets:
The mentioned resistance levels can be considered as short-term and long-term targets.
Overcoming each resistance level can open the door for a rise toward the subsequent levels.
Important Notes:
Technical analysis is a tool for forecasting market probabilities and does not provide guarantees for the future.
Conducting thorough research is necessary before making any investment decisions.
Capital and risk management are fundamental principles in trading.
Similar Coins:
Some coins with similar characteristics to FTM include:
Cosmos (ATOM)
Solana (SOL)
Polygon (MATIC)
These coins, like FTM, are smart contract platforms that aim to provide scalability and lower transaction fees compared to the Ethereum blockchain.
Disclaimer
This analysis is solely presented for informational purposes and does not constitute investment advice in any way.
Fantom (FTM) is a high-performance blockchain platform designed to address the scalability limitations faced by the Ethereum network. It utilizes an innovative consensus mechanism called Lachesis, which achieves faster transaction speeds and lower fees than Proof-of-Work (PoW) blockchains. FTM serves as the native token of the Fantom ecosystem, facilitating transactions, governance participation, and staking rewards.
FTM Coin Information:
Symbol: FTM
Blockchain: Fantom
All-Time High (ATH): $3.2514 (as of March 18, 2024)
All-Time Low (ATL): $0.00000041 (as of March 18, 2024)
Official Website: fantom.foundation
Technical Analysis
Weekly Breakout: FTM has decisively broken out of its long-term trading range on the weekly timeframe, indicating bullish momentum and market confidence in further upside.
Upward Trend: The uptrend in FTM continues on the weekly timeframe, with the price currently conquering new highs.
Resistance Levels:
$1.0846: The first resistance level ahead of FTM sits at $1.0846.
$1.09819: If the previous resistance is breached, $1.09819 will act as the next hurdle.
$3.2514: The All-Time High (ATH) for FTM is $3.2514. A breakout above this level could act as a strong catalyst for the continuation of the uptrend.
Targets:
The mentioned resistance levels can be considered as short-term and long-term targets.
Overcoming each resistance level can open the door for a rise toward the subsequent levels.
Important Notes:
Technical analysis is a tool for forecasting market probabilities and does not provide guarantees for the future.
Conducting thorough research is necessary before making any investment decisions.
Capital and risk management are fundamental principles in trading.
Similar Coins:
Some coins with similar characteristics to FTM include:
Cosmos (ATOM)
Solana (SOL)
Polygon (MATIC)
These coins, like FTM, are smart contract platforms that aim to provide scalability and lower transaction fees compared to the Ethereum blockchain.
Disclaimer
This analysis is solely presented for informational purposes and does not constitute investment advice in any way.
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