FTM we have patiently been awaiting a breakout. No complaints as it has grown in the past days but still stuck under this resistance at 0.47
Usually, round number are to be feared (0.50) but in this case what i see is an aggressive rise once and if over 0.4748
Target will be 0.90$ which is nicely far away.. I will keep this trade, it's promising and chances of it happening are increasing.
News:
Fantom (FTM) Attracts New Demand as Investor Confidence Grows but Will It Break Above $0.50?
Fantom (FTM) price has rebounded 36% since recording a local low of $0.33 on March 11. On-chain data shows that FTM has been attracting new demand. Is there a chance for this altcoin to break above $0.50 in the coming weeks?
New participants and investors are joining the Fantom Network, while long-term holders are taking bullish positions.
Fantom Long-Term Holders Are Growing Confident Fantom is an alternative DeFi smart contract platform that aims to solve the blockchain trilemma using its unique directed acyclic graph (DAG) consensus algorithm. Its native coin, FTM, has made a 30% tear in the last two weeks after dropping below $0.35 in mid-March.