📆 Recent Retracement:
FTM, like many altcoins, has retraced in the last two weeks, falling from $0.55 to $0.380.
🔍 Robust Support Zone:
A robust support area is identified between $0.35 - $0.40.
📉 Oversold Conditions:
The price is currently oversold, indicating a potential reversal.
🔄 Potential Scenario:
If FTM consolidates in the support zone and the overall market remains bullish, there's an expectation to test $0.45 - $0.480.
📣 Conclusion:
FTM's potential scenario involves consolidation in the $0.35 - $0.40 support area.
A bullish market could lead to a test of $0.45 - $0.480.
#FTMAnalysis #CryptoTrading #MarketWatch
FTM, like many altcoins, has retraced in the last two weeks, falling from $0.55 to $0.380.
🔍 Robust Support Zone:
A robust support area is identified between $0.35 - $0.40.
📉 Oversold Conditions:
The price is currently oversold, indicating a potential reversal.
🔄 Potential Scenario:
If FTM consolidates in the support zone and the overall market remains bullish, there's an expectation to test $0.45 - $0.480.
📣 Conclusion:
FTM's potential scenario involves consolidation in the $0.35 - $0.40 support area.
A bullish market could lead to a test of $0.45 - $0.480.
#FTMAnalysis #CryptoTrading #MarketWatch