bullish

Resistance

Fantom (Migrated to Sonic)

Ethena

<p>A bold prediction has gotten the crypto community talking. Top analyst Scofield claims that the <a href="https://captainaltcoin.com/fantom-price-hits-key-resistance-can-ftm-reach-2-soon/" target="_blank" rel="noopener noreferrer nofollow">Fantom (FTM) price</a> is poised for a stronger comeback. The claim aligns with the technical analysis of the FTM/USDT 4-hour chart, which reveals patterns indicating potential price recovery. This development has stirred curiosity among traders monitoring FTM’s recent price movements.</p>
<h2 class="wp-block-heading" id="fantom-chart-analysis-symmetrical-triangle-breakout-and-market-trends">Fantom Chart Analysis: Symmetrical Triangle Breakout and Market Trends</h2>
<p>FTM’s chart shows an upward trend that transitioned into a symmetrical triangle pattern. This pattern typically signals a continuation of the previous trend, which, in this case, was upward. The chart confirms that <a href="https://captainaltcoin.com/fantom-price-surges-past-resistance-heres-why-ftm-could-hit-5-soon/" target="_blank" rel="noopener noreferrer nofollow">FTM’s price</a> broke out of this consolidation phase, leading to a rapid surge. However, the rally eventually faced resistance, resulting in a significant correction.</p>
<p>The breakout demonstrated strong momentum, with higher highs following the triangle pattern. Despite the recent dip, the current chart suggests a recovery attempt, as prices are stabilizing near a previously established support level.</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/2024/12/image-443-1024x574.png" alt="" class="wp-image-596634" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-443-1024x574.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-443-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-443-767x430.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-443-1536x861.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-443-2048x1148.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-443-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-443-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-443-624x350.png 624w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-443-788x441.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-443.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/Crypto_Scofield/status/1866433144133763118" target="_blank" rel="noopener noreferrer nofollow">X/Scofield</a></em></strong>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="key-support-zone-around-1-15">Key Support Zone Around $1.15</h2>
<p>The $1.15 to $1.16 range has emerged as a key support and resistance flip zone. Initially serving as resistance during FTM’s consolidation phase, this level transformed into support following the breakout. During the recent sell-off, FTM’s price retraced sharply to this level before rebounding. This area has proven pivotal, as buyers stepped in to defend the price and prevent further declines.</p>
<p>The bounce at this level indicates strong buying interest, which aligns with the sentiment expressed in the trader’s tweet. Market participants are monitoring whether FTM can maintain this level and reclaim higher price points.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/market-analyst-predicts-explosive-growth-for-ethena-ena-price-after-key-resistance-break/" target="_blank" rel="noopener noreferrer nofollow">Market Analyst Predicts Explosive Growth for Ethena (ENA) Price After Key Resistance Break!</a></em></strong></p>
<h2 class="wp-block-heading" id="the-trader-s-prediction-and-market-sentiment">The Trader’s Prediction and Market Sentiment</h2>
<p>Scofield’s tweet, stating, “$FTM This comeback will be stronger,” reflects a bullish outlook on FTM’s recovery potential. The alignment between this sentiment and the chart’s technical signals has added credibility to the trader’s forecast. The rebound in price action after the steep correction mirrors this optimism, suggesting renewed buyer interest and market confidence.</p>
<p>Moreover, the analysis suggests that <a href="https://coinmarketcap.com/currencies/fantom/" target="_blank" rel="noopener noreferrer nofollow">FTM’s price</a> may be entering another bullish phase if the $1.15 support zone holds. The rebound following the correction demonstrates that market participants are actively defending this price range. However, further confirmation is required to determine whether the recovery will translate into a sustained rally. Traders remain cautious but optimistic as they watch for additional upward movement.</p>
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<p>The post <a href="https://captainaltcoin.com/this-trader-predicts-fantom-ftm-price-will-pump-this-comeback-will-be-stronger/" rel="noopener noreferrer nofollow">This Trader Predicts Fantom (FTM) Price Will Pump—’This Comeback Will Be Stronger’</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

This Trader Predicts Fantom (FTM) Price Will Pump—’This Comeback Will Be Stronger’

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