The post Fantom (FTM) Poised For 50% Rally, Here’s Why appeared first on Coinpedia Fintech News
FTM, the native token of Fantom, is poised for massive upside momentum, as it has formed a bullish price action pattern on its daily time frame. Despite experiencing a price drop of over 56% in the recent decline, it appears that this downtrend is reversing.
Fantom (FTM) Technical Analysis and Upcoming Levels
According to CoinPedia’s technical analysis, Fantom (FTM) has found crucial horizontal support at the $0.60 level. Since September 2024, the token has bounced multiple times from this level, experiencing upside momentum. However, this time, the altcoin has shown a bullish divergence on its daily chart.
Source: Trading View
Bullish divergence is a technical analysis term that occurs when an asset’s price is making lower lows while a technical indicator, such as the Relative Strength Index (RSI), is making higher lows. Traders and investors often consider bullish diverg
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