Overview

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Price consolidation suggests potential rise to $0.93-$1. Possible pullback to $0.60 before the next upward move. Fantom (FTM) recently initiated a bullish cycle after Fantom Coin has grabbed a head start amongst in peers after extending its bull into 2025. Its chart highlighted a near 100% increase in value between 20 December and After several months of consolidating inside a broadening wedge pattern, the Fantom price has broken above the upper resistance trendline. This breakout was FTM 4-hour chart analysis shows a key resistance at $0.98. If that one is broken, the FTM price could continue its growing trajectory, reaching values above $1 for the

Fantom (FTM) Price Prediction: Is Consolidation Next After a 100% Surge?

Fantom (FTM) has been on a tear, with its chart highlighting a near 100% increase in value between 20 December and [Insert Date]. But after such a significant run, what's next for FTM? Is consolidation on the horizon, and what does it mean for investors? Fantom Coin has grabbed a head start amongst its peers after extending its bull run into 2025.

This breakout follows several months of consolidating inside a broadening wedge pattern, after the Fantom price broke above the upper resistance trendline. This breakout was a significant signal of bullish momentum. However, post-surge, a period of consolidation is often expected.

Fantom Price Consolidation: What to Expect

Price consolidation suggests potential rise to $0.93-$1. Many analysts predict a period of sideways trading as FTM digests its recent gains. This consolidation phase could be followed by another upward move, or, alternatively, a pullback to establish a stronger support level.

Key Price Levels to Watch:

  • Resistance: FTM 4-hour chart analysis shows a key resistance at $0.98. If that one is broken, the FTM price could continue its growing trajectory, reaching values above $1 for the.
  • Support: Possible pullback to $0.60 before the next upward move. This level will be critical to watch if selling pressure increases.

Fantom (FTM) Future Outlook

While short-term price movements are difficult to predict with certainty, the overall outlook for Fantom remains positive. The initial breakout from the broadening wedge pattern indicates strong underlying buying pressure. Keep a close eye on the key resistance and support levels mentioned above to gauge the potential for further upward momentum after any consolidation period.

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