randomm

Mapping Fantom’s [FTM] short-term target of $1.47 and beyond

Altcoin recently broke out of a descending channel, indicating the start of a potential upswing
Large-volume traders are yet to enter the market, leaving retail investors to drive the price action
In the last 24 hours, FTM’s price gained by 11.68% on the charts, marking a sharp recovery and positioning the asset to potentially erase its monthly losses of 30.87%.

Further price gains could be fueled by greater interest from institutional “whale” investors and sustained buying momentum from retail traders.

FTM’s build-up to $1.47 in progress
At the time of writing, FTM had broken out of a descending triangle pattern on the 4-hour chart, marked by a shift towards higher prices after an extended period of consolidation within narrow zones.

Mapping Fantom’s [FTM] short-term target of $1.47 and beyond

Altcoin recently broke out of a descending channel, indicating the start of a potential upswing
Large-volume traders are yet to enter the market, leaving retail investors to drive the price action
In the last 24 hours, FTM’s price gained by 11.68% on the charts, marking a sharp recovery and positioning the asset to potentially erase its monthly losses of 30.87%.

Further price gains could be fueled by greater interest from institutional “whale” investors and sustained buying momentum from retail traders.

FTM’s build-up to $1.47 in progress
At the time of writing, FTM had broken out of a descending triangle pattern on the 4-hour chart, marked by a shift towards higher prices after an extended period of consolidation within narrow zones.

https://ambcrypto.com/mapping-fantoms-ftm-short-term-target-of-1-47-and-beyond/