🚀 Target 2 Smashed and $1 Is in Sight! The powerhouse that is $FTM (Fantom) continues its meteoric rise, defying all expectations and showing why it's a trader's dream. Here's the breakdown of the magic move and what lies ahead:
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Step-by-Step Breakdown
1. Massive Gains Unlocked Fantom’s price action just confirmed the second target with a staggering 23.53% surge. This upward momentum reflects a massive influx of demand, supported by a combination of bullish fundamentals and technical strength.
2. Support Zone (Highlighted in Green) The strong accumulation zone between $0.68-$0.72 acted as the launchpad for this parabolic breakout. Smart traders and institutions loaded up here before the surge began. This level now serves as solid support, ensuring minimal downside risk.
3. Current Price Action
Price at $0.87 is flirting with higher resistance levels, primed for continuation.
The sharp upward candles suggest an ongoing momentum rally, with no signs of exhaustion yet.
4. Volume Profile Shows the Story The market’s volume profile indicates high interest above $0.80. With resistance thinning beyond this level, $FTM is poised for a rapid push toward $1 and beyond.
5. $1: The Psychological Milestone $1 isn't just a number – it’s the next psychological barrier. Once breached, it could open the floodgates for another wave of buyers to join the party, potentially pushing Fantom to new highs.
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What’s Next for Fantom?
🔑 Immediate Outlook: With this momentum, Fantom could hit $1 in the coming days. Smart money is still flowing into the project, and the technicals support further upside.
💎 HODL or Sell? If you’re holding, this is a time to stay disciplined. Take profits at key levels but let your winners run. With ftmsuch strong form, there’s no reason to settle for less.