bullish

Fantom (Migrated to Sonic)

Captain

<ul class="wp-block-list">
 <li>Fantom (FTM) has breached a descending trendline, signaling bullish momentum and a long-term target of $13.85, a 1,485% upside.</li>  
 <li>FTM has reclaimed $1.00 as support; breaking $1.30 resistance could trigger a strong rally toward historical highs and beyond.</li>  
 <li>Indicators like RSI (52.4) and MACD narrowing suggest potential reversal, supporting the breakout and sustained bullish momentum.</li> 
</ul>  
<p>According to Captain Faibik, Fantom (FTM) has recently <a href="https://x.com/CryptoFaibik/status/1868159200515481757" target="_blank" rel="noopener noreferrer nofollow">breached</a> a descending trendline that extends from its all-time high of $3.50 in 2021. This breakout signals a potential shift from bearish to bullish momentum.&nbsp;</p>  
<p>Currently trading at <a href="https://coinmarketcap.com/currencies/fantom/" target="_blank" rel="noopener noreferrer nofollow">$1.25</a>, the asset has reclaimed the $1.00 mark, a critical psychological and technical level. The long-term upside target stands at $13.85, which reflects a potential 1,485% gain from the breakout zone. The breakout aligns with prior price zones, suggesting a return to historical highs and beyond.</p>  
<h2 class="wp-block-heading" id="key-levels-indicate-potential-for-growth">Key Levels Indicate Potential for Growth</h2>  
<p>Fantom has reclaimed major support near $1.00, with additional support identified at $0.165, a level that has held firm since 2020. This solid foundation has historically enabled multiple <a href="https://cryptofrontnews.com/filecoin-breaks-key-resistance-at-6-50-as-analyst-predicts-bullish-surge-to-30/" rel="noopener noreferrer nofollow">price rebounds</a>. Short-term resistance now lies near $1.3000, a level critical for further upward momentum.</p>  
<figure class="wp-block-image size-large"><img src="https://cryptofrontnews.com/wp-content/uploads/2024/12/Ge0IxlTWYAAFGDV-1-1024x579.jpeg" alt="Fantom (FTM) Reclaims $1.00 Support Eyes Explosive Growth With $13.85 Upside Potential" class="wp-image-7012">
 <figcaption class="wp-element-caption">
  Source: <a href="https://x.com/CryptoFaibik/status/1868159200515481757" target="_blank" rel="noopener noreferrer nofollow">Captain Faibik</a>
 </figcaption>
</figure>  
<p>A breakout above this resistance could trigger a strong rally, with the next significant resistance zone near $13.85. The green projection highlights a measured move derived from the prior range between the descending trendline and long-term support. If buyers maintain control, the market could witness sustained growth toward these levels.</p>  
<h2 class="wp-block-heading" id="indicators-and-market-trends-support-bullish-outlook">Indicators and Market Trends Support Bullish Outlook</h2>  
<p>Technical indicators complement <a href="https://cryptofrontnews.com/chainlink-soars-after-downtrend-breakout-analyst-predicts-bullish-run-to-55/" rel="noopener noreferrer nofollow">the bullish perspective</a>. The RSI, currently at 52.40, suggests balanced momentum, with a rise above 60 likely to indicate stronger buying pressure. The MACD, while showing bearish momentum, exhibits narrowing lines, hinting at a potential reversal.</p>  
<figure class="wp-block-image size-full"><img src="https://cryptofrontnews.com/wp-content/uploads/2024/12/FTMUSDT_2024-12-15_12-37-03-1.png" alt="Fantom (FTM) Reclaims $1.00 Support Eyes Explosive Growth With $13.85 Upside Potential" class="wp-image-7013">
 <figcaption class="wp-element-caption">
  Source: <a href="https://www.tradingview.com/x/PBDdRRjV/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>
 </figcaption>
</figure>  
<p>Weekly price movements show increased buying interest, further validating the breakout. Volume analysis confirms high activity during <a href="https://cryptofrontnews.com/xrp-targets-3-50-bullish-flag-hints-at-major-breakout/" rel="noopener noreferrer nofollow">the upward move</a>, although recent consolidation has seen stable but reduced volume. If momentum persists, Fantom could see a continuation toward the projected $13.85 level. However, a pullback to retest support at $1.00 may temporarily occur, providing analysts an opportunity to confirm the breakout’s strength.</p>

Fantom (FTM) Reclaims $1.00 Support Eyes Explosive Growth With $13.85 Upside Potential

Table of Contents

CFN

Other articles published on Dec 15, 2024

BSCS Forges a Strategic Partnership with FlashX to Redefine Web3 Trading on Twitter

BTFD Coin Shatters Presale Records Among the Best Meme Coin Presales to Buy and Hold for Short Te...

Binance's CZ Reminds About $500 Million Support for Elon Musk

XRP on the Rise: How to Capitalize on Ripple’s Growing Momentum

JASMY’s Bullish Breakout: Is $0.08 the Gateway to $1?

Michael Saylor Predicts MARA Holdings Could Be Next Bitcoin Firm to Join Nasdaq 100

Join our free newsletter for daily crypto updates!