Fantom (Migrated to Sonic)

Date: Tue, Oct 01, 2024, 08:57 AM GMTOctober has started strong for the cryptocurrency market, and Fantom (FTM), a leading layer 1 project, is making noise with an impressive performance. After a notable rally last month, FTM has surged by 8.18% today, continuing its upward momentum.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/acf8790437214ad3b4ac64eab9c0e628.png" />Source: Coinmarketcap<h3 id="rally-overview">Rally Overview</h3>The rally for Fantom <a href="https://coinsprobe.com/fantom-gains-15-over-the-week-will-the-ftm-fantom-rally-continue/" rel="noopener noreferrer nofollow">began </a>on September 10, when it broke out of a falling wedge pattern. This technical move helped Fantom surpass its downtrend line at $0.4570. Since then, the price has skyrocketed to $0.7432, marking a 55% increase from the breakout point.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/6df6e3d478f74cf58716193b5c13a1c7.png" /><h3 id="are-more-gains-ahead">Are More Gains Ahead?</h3>Today’s surge in FTM comes after it broke through a resistance level at $0.7355, which opens up the possibility for further gains. The next target for Fantom is $0.8549, representing a potential 16% upside from its current price.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/d498f6e4762649c88e3f65d464be4135.png" />Looking at the charts and considering the bullish sentiment for October, there’s optimism that Fantom may continue to experience significant gains in the coming days.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.Also Read: <a href="https://coinsprobe.com/ripple-secures-dfsa-approval-to-expand-cross-border-payments-in-uae/" rel="noopener noreferrer nofollow">Ripple Secures DFSA Approval to Expand Cross-Border Payments in UAE.</a>

Fantom Kicks Off October with Significant Surge: Are More Gains Ahead?

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