bullish

Momentum

Fantom

Gains

<ul class="wp-block-list">
 <li>$FTM targets $3.0053, with potential to reach $5.7906 if bullish momentum continues.</li>  
 <li>Recent breakout signals sustained growth, potentially surging 102% and beyond.</li>  
 <li>Hidden bullish divergence suggests continued strength, with a possible 522% price increase.</li> 
</ul>  
<p><a href="https://cryptofrontnews.com/fantom-ftm-targets-major-resistance-as-analysts-predict-bullish-momentum/" rel="noopener noreferrer nofollow">Fantom ($FTM)</a> has seen price movement, setting new post-breakout highs and drawing attention from traders and analysts. With a bullish trend developing, $FTM's potential for further growth is under scrutiny.&nbsp;</p>  
<p>The current target for the cryptocurrency stands at $3.0053, and if this level is surpassed, according to technical analysis, $FTM could continue its climb toward even higher price levels, reaching as much as $5.7906.</p>  
<p>The recent breakout in $FTM’s price action marks a key turning point for the token. The asset has surged after consolidation between 2022 and mid-2023, with a substantial price rally leading into 2024.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/JavonTM1/status/1868456643194675211
 </div>
</figure>  
<p>Moreover, the momentum indicator beneath the price chart supports this bullish outlook. Its values were higher during the current rally compared to previous periods, signaling an increase in market interest and buying pressure.</p>  
<p>Looking ahead, $FTM could see another major surge in price, potentially rising by more than 102% to reach the $3.0053 target. If $FTM maintains its upward momentum and breaks above this level, the cryptocurrency could have room for further gains.&nbsp;</p>  
<p>A sustained move above $3.0053 could open the door to another significant increase, potentially bringing the asset to around $5.7906, marking a further 90% jump in value.</p>  
<h2 class="wp-block-heading" id="strong-strong-momentum-after-recent-bullish-patterns-strong"><strong>Strong Momentum After Recent Bullish Patterns</strong></h2>  
<p>The recent breakout follows a series of bullish patterns for FTM, contributing to its current surge. The cryptocurrency has shown signs of a larger, ongoing breakout phase, which could increase the price to 206% if the current bullish trend continues.&nbsp;</p>  
<p>With this momentum, $FTM has the potential to surpass its $3.0053 target and enter a new phase of growth. This period of sustained bullish action might mirror past performance, where the cryptocurrency saw massive price surges, including a previous 414% climb.</p>  
<h2 class="wp-block-heading" id="strong-hidden-bullish-divergence-confirms-further-potential-strong"><strong>Hidden Bullish Divergence Confirms Further Potential</strong></h2>  
<p>Adding to the optimism surrounding $FTM is the confirmation of a hidden bullish divergence. This technical pattern typically signals continued price strength, as it reflects a period of accumulation before a major move upward.&nbsp;</p>  
<p>The cryptocurrency has previously experienced similar setups, with the most notable being the 414% rally after the last hidden bullish divergence. As $FTM holds this key pattern, analysts are predicting further price gains, with a potential for a 522% increase to meet the $3.0053 target.</p>

Fantom ($FTM) Targets Significant Price Gains as Bullish Momentum Builds

Table of Contents

CFN

Other articles published on Dec 16, 2024

Crypto Trading Volume at Robinhood Surged in Nov as Exchange Added 420k New Users

Pepe Coin (PEPE) and Dogwifhat (WIF) Are Struggling To Keep Up With This Innovative Altcoin, Here...

Bitcoin Blasts Past $105K to $106K : A New Era for Crypto

The Bitcoin/Gold Ratio Is Breaking All Records

KaJ Labs Invests $100M to Bring AI to XRP Ledger

What is a Pip in Forex? Understanding Pips and Their Role in Trading

Join our free newsletter for daily crypto updates!