Analyst Says Fantom (FTM) Downtrend Is Over, Is $1 The Next Stop?

Quick Summary:

Related Reading: 7 Reasons To Be Bullish On Bitcoin This Week Fantom Breaks Out Of Downtrend As Sunday ended, Fantom’s price jumped 8.2% toward a crucial resistance level not seen in four months.

To the investor, the token "gives the Solana 2023 pump-like vibes,” suggesting it will "play catch up for the major chains over the next three months.” FTM’s Price Targets $3 Analyst Altcoin Sherpa shared his thoughts on the token’s future performance.

The cryptocurrency neared the $0.8 mark for the second time in the last seven days, fueling a bullish sentiment among investors.FTM has registered a 46.6% increase in the past three months, recovering from Q3’s market crashes and challenging June’s price action.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United KingdomIndonesia

Topics: Fantom Bullish S token Fantom Bitcoin FTM FTMUSDT Sonic Network Upgrade Fantom Sonic Btc Crypto market Crypto analyst Cryptocurrency Market News Crypto trader

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 07:00:47 (6 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 480 words

Reading Time: 3 minutes read

Sentences: 76 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23195320

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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