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Fantom (Migrated to Sonic)

Mammon

<p>With indications of a potential price spike, Fantom (FTM) has drawn interest from traders and the crypto community. Fantom has been performing exceptionally well lately and has stayed within a specific price range and may continue to rise.&nbsp;</p>
<p>Analyst Mammon (@D_DTRADING) recently shared his insights on X (formerly Twitter), suggesting that <a href="https://captainaltcoin.com/fantom-ftm-price-set-for-rally-expert-predicts-new-all-time-high-very-soon/" target="_blank" rel="noopener noreferrer nofollow">FTM’s price</a> could be gearing up for significant gains if certain conditions are met.</p>
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<h2 class="wp-block-heading" id="fantom-chart-analysis-trading-within-a-key-range">Fantom Chart Analysis: Trading Within a Key Range</h2>
<p>According to Mammon, FTM has been trading within a larger price range, with support around $0.50 and resistance near $0.76. This range has seen the price oscillate between these key levels, providing opportunities for both buyers and sellers.</p>
<p><a href="https://captainaltcoin.com/heres-when-fantoms-token-will-rebrand-to-s-as-ftm-price-pumps-again/" target="_blank" rel="noopener noreferrer nofollow">Fantom</a> appears to be trading in what Mammon refers to as the “premium section” of the range based on recent price movement. This term often denotes a more expensive trading zone. The analyst does think there may be more potential if the price stays in the current demand zone, which is between $0.61 and $0.66.</p>
<p>Buyers have typically intervened in the demand zone, and this recent tapping has created the possibility of a rebound. This zone will be crucial in determining whether FTM can maintain its bullish momentum.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="405" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-655-1024x405.png" alt="" class="wp-image-568331" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-655-1024x405.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-655-300x119.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-655-766x303.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-655-1536x608.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-655-2048x810.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-655-379x150.png 379w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-655-100x40.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-655-885x350.png 885w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-655-788x311.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-655.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/D_DTRADING/status/1846892663326625887" target="_blank" rel="noopener noreferrer nofollow">X/Mammon</a></em></strong>
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<h2 class="wp-block-heading" id="po3-formation-could-signal-a-bullish-move">PO3 Formation Could Signal a Bullish Move</h2>
<p>Mammon also notes the possibility of a Power of Three (PO3) formation developing in the FTM chart. This pattern typically includes three phases: accumulation, manipulation, and distribution. If FTM respects the demand zone, the price could move higher, triggering the next phase of this setup.</p>
<p>In the accumulation phase, buyers gradually enter the market around the demand zone, which is currently visible on the chart. The manipulation phase may involve a brief dip or consolidation, leading to a rally in the distribution phase as the FTM price targets higher resistance levels.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/multiple-analyses-show-kaspa-kas-price-dip-isnt-over-analyst-anticipates-double-digit-crash/" target="_blank" rel="noopener noreferrer nofollow">Multiple Analyses Show Kaspa (KAS) Price Dip Isn’t Over: Analyst Anticipates Double-Digit Crash</a></em></strong></p>
<h2 class="wp-block-heading" id="clean-triggers-set-for-potential-breakout">Clean Triggers Set for Potential Breakout</h2>
<p>Mammon has set his alerts for specific price triggers, indicating that he’s monitoring the FTM price closely for signals that could lead to a bullish breakout. According to the analyst, if the current setup plays out, the price could continue to rise toward or beyond the $0.76 resistance level.</p>
<p>The FTM chart further suggests that Fibonacci expansion levels might be used to project potential upward targets, providing traders with a clearer view of where the price could head next if the bullish trend continues.&nbsp;</p>
<p>This aligns with Mammon’s analysis, which indicates <a href="https://coinmarketcap.com/currencies/fantom/" target="_blank" rel="noopener noreferrer nofollow">that Fantom’s price</a> may be preparing for a breakout if the demand zone holds and triggers align with his forecast.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/is-fantom-ftm-price-about-to-skyrocket-top-analyst-reveals-key-chart-signals/" rel="noopener noreferrer nofollow">Is Fantom (FTM) Price About to Skyrocket? Top Analyst Reveals Key Chart Signals!</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Is Fantom (FTM) Price About to Skyrocket? Top Analyst Reveals Key Chart Signals!

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