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Cryptocurrency News Articles
Fantom (FTM) Weekly Chart Analysis - A Promising Rebound Opportunity Emerges
Dec 28, 2024 at 05:03 pm
Weekly chart displays A very strong support level where the price is expected to rebound significantly, located at the 0.75 area
FTM token, which will be automatically renamed (S) on January 13, 2025, indicating "Sonic," is currently trading in a crucial zone.
This zone is highlighted by the convergence of multiple weekly supports, including the 50 EMA, 0.5 Fibonacci level, and the upper boundary of a symmetrical triangle pattern.
Considering the significance of this support confluence and the recent accumulation phase, traders may identify suitable entry points within this range, potentially up to the 0.7 level.
This technical confluence and the upcoming token rebranding, which follows a successful precedent like RNDR's transition to Render, could indicate a promising setup for FTM token.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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