Fantom (Migrated to Sonic)

<p>Popular analyst Scofield shared on X (formerly Twitter) that FTM is “on fire” and suggests a potential rally to $3. This optimistic sentiment aligns with recent technical analysis, which shows a bullish breakout on the <a href="https://captainaltcoin.com/is-fantom-ftm-price-on-a-path-to-1-20-key-levels-revealed/" target="_blank" rel="noopener noreferrer nofollow">FTM price</a> chart. As momentum builds, investors are monitoring if this surge could sustain and lead to higher price targets.</p>
<h2 class="wp-block-heading" id="fantom-chart-analysis-symmetrical-triangle-breakout-sparks-momentum">Fantom Chart Analysis: Symmetrical Triangle Breakout Sparks Momentum</h2>
<p>Fantom’s price has been going up lately after breaking out of a symmetrical triangle pattern. During a quiet period in the market, the price moved between two converging lines – showing that buyers and sellers were pretty much balanced. A significant change in market sentiment toward buying pressure is confirmed by the upward breakout and higher trade volume.</p>
<p>At the time of analysis,<a href="https://captainaltcoin.com/heres-why-fantom-ftm-price-could-rally-soon-key-levels-to-watch/" target="_blank" rel="noopener noreferrer nofollow"> FTM’s price</a> is trading at $0.9367, representing a sharp 19.48% increase within a single session. Previous resistance levels around $0.85–$0.90 have been breached, turning them into potential support zones. If this trend persists, the next psychological resistance lies near $1.00.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="574" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-821-1024x574.png" alt="" class="wp-image-587019" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-821-1024x574.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-821-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-821-767x430.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-821-1536x861.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-821-2048x1147.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-821-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-821-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-821-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-821-788x441.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-821.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/Crypto_Scofield/status/1860348065439212021" target="_blank" rel="noopener noreferrer nofollow">X/Scofield</a></em></strong>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="support-and-resistance-levels-indicate-key-price-zones">Support and Resistance Levels Indicate Key Price Zones</h2>
<p>During its consolidation phase, the lower boundary of the triangle acted as a robust support zone, ranging between $0.65 and $0.70. The breakout, however, places FTM’s price on a path toward higher targets. Immediate resistance at $1.00 could serve as the next test for bulls, while longer-term targets include $1.20 and beyond.</p>
<p>The tweet predicting $3 implies an ambitious target, requiring a sustained uptrend and favorable market conditions. Achieving such levels could reflect a potential 300% gain from the breakout point, highlighting the optimism among market participants.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/is-stellar-xlm-price-about-to-skyrocket-analyst-predicts-a-massive-bull-run/" target="_blank" rel="noopener noreferrer nofollow">Is Stellar (XLM) Price About to Skyrocket? Analyst Predicts a Massive Bull Run!</a></em></strong></p>
<h2 class="wp-block-heading" id="bullish-sentiment-backed-by-market-trends">Bullish Sentiment Backed by Market Trends</h2>
<p>Scofield’s tweet reinforces the strong bullish sentiment surrounding Fantom. The statement, “See you soon at $3,” reflects confidence in the project’s growth potential. While this target is optimistic, it aligns with the technical chart’s projection of continued upward momentum.</p>
<p>Investors are advised to monitor trading volumes and momentum indicators closely to assess the strength of the breakout. Whether <a href="https://coinmarketcap.com/currencies/fantom/" target="_blank" rel="noopener noreferrer nofollow">FTM’s price </a>can maintain its trajectory toward $3 remains dependent on broader market conditions and sustained buying interest.</p>
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<p>The post <a href="https://captainaltcoin.com/elite-analyst-says-fantom-is-on-fire-could-ftm-price-hit-3-soon/" rel="noopener noreferrer nofollow">Elite Analyst Says Fantom Is ‘On Fire’ – Could FTM Price Hit $3 Soon?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Elite Analyst Says Fantom Is ‘On Fire’ – Could FTM Price Hit $3 Soon?

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