- Fantom’s price surge is supported by strong network growth and key resistance targets near $1.50.
- Technical indicators and market sentiment highlight cautious optimism for sustained upward momentum.
Fantom [FTM] has captured attention with a dramatic 23.13% surge in the last 24 hours, bringing its price to $1.07 at press time.
This impressive growth, fueled by rising network adoption and positive onchain metrics, raises the question: is Fantom on track to lead a broader crypto market rally in the coming weeks?
Fantom chart analysis: price movement, key levels, and targets
Fantom’s chart reveals a robust bullish structure, with the price breaking past the critical $1.00 level, now acting as strong support. The next resistance lies at $1.14, a key psychological and technical level.
Additionally, if momentum continues, FTM could test the $1.50 resistance, a breakout above which could confirm a sustained rally. However, traders should remain cautious of a potential retracement, as support at $0.84 aligns with a long-standing ascending trendline.
Therefore, maintaining current momentum is crucial for Fantom to achieve these ambitious targets.
