Dogecoin

bullish

World

Fantom

<p>Fantom’s FTM price pumped 15% last week and is now trading around $0.5. What can be particularly <a href="https://captainaltcoin.com/fantom-ftm-price-pumps-50-but-is-this-a-bull-trap/" target="_blank" rel="noopener noreferrer nofollow">encouraging for FTM holders</a> is that the price is defying the broader crypto market downturn today as it pumped 3.5% in the last 24 hours.</p>
<p><a href="https://x.com/WorldOfCharts1" target="_blank" rel="noopener noreferrer nofollow">World Of Charts</a>, a trader we like to cover a lot recently due to his high-quality chart analysis, posted a viral FTM price prediction earlier today.</p>
<h2 class="wp-block-heading" id="technical-analysis-descending-broadening-wedge">Technical Analysis: Descending Broadening Wedge</h2>
<p>The FTM chart shows that token has been trading within a descending broadening wedge pattern, a bullish continuation setup. This structure is characterized by two diverging trend lines, with the price action forming lower highs and lower lows.</p>
<p>Typically, this pattern signifies volatility, and when the price breaks out of the wedge, it often leads to a strong upward move.</p>
<figure class="wp-block-image aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="580" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-249-1024x580.png" alt="" class="wp-image-555127" style="width: 100%;height:auto" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-249-1024x580.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-249-300x170.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-249-768x435.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-249-1536x871.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-249-2048x1161.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-249-265x150.png 265w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-249-100x57.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-249-618x350.png 618w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-249-788x446.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-249.png 1708w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong>Soruce: <a href="https://x.com/WorldOfCharts1/status/1835599568769007896" target="_blank" rel="noopener noreferrer nofollow">X/@WorldOfCharts1</a></strong>
 </figcaption>
</figure>
<p>The FTM price is currently testing a key resistance zone around $0.50 – $0.56, which corresponds to a region it has struggled to break above in previous attempts, notably in July.</p>
<p>This area needs to be cleared for a bullish breakout. Additionally, the upper line of the wedge acts as trendline resistance, which the price will need to break above to confirm a breakout from the wedge pattern.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/xrp-massive-price-pump-is-on-the-way-says-analyst/" target="_blank" rel="noopener noreferrer nofollow">XRP Massive Price Pump ‘Is On The Way’ Says Analyst</a></strong></em></p>
<h2 class="wp-block-heading" id="fantom-ftm-price-targets">Fantom (FTM) Price Targets</h2>
<p>The trader suggests that once the price breaks out of the wedge and clears the resistance zone, the next <a href="https://captainaltcoin.com/why-is-fantom-ftm-price-up/" target="_blank" rel="noopener noreferrer nofollow">Fantom price target</a> could be $1+. This is a reasonable target, considering the measured move from the wedge’s breakout could push the price to previous highs around $1.00 or beyond.</p>
<p>The upward projection sketched on the chart indicates a bullish trajectory once the breakout occurs, suggesting a significant move upward after consolidation within the wedge is complete.</p>
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<p>FTM has been consolidating in the $0.50 to $0.56 range for some time. This consolidation within the wedge pattern is typical before a breakout, and the recent 3% pump today along with a 15% increase in the past week indicates that bullish momentum might be building.</p>
<p>The combination of the <a href="https://www.tradingview.com/education/descendingbroadeningwedge/" target="_blank" rel="noopener noreferrer nofollow">descending broadening wedge</a> and resistance at $0.56 suggests that if FTM can break out of the wedge with strong volume, it could initiate a significant bullish move. The immediate resistance lies at $0.56, which is both the upper trendline and horizontal resistance. If broken, the breakout target of $1.00+ aligns with historical price levels and a measured move projection.</p>
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<p>The post <a href="https://captainaltcoin.com/fantom-ftm-price-surge-analyst-predicts-potential-2x-run/" rel="noopener noreferrer nofollow">Fantom (FTM) Price Surge: Analyst Predicts Potential 2x Run</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Fantom (FTM) Price Surge: Analyst Predicts Potential 2x Run

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