๐ป $FTM : ultra-fast L1 and revolutionary Sonic upgrade โ target $1.00? ๐
๐ Overview
FTM is trading at $0.60โ0.70. Fantom completes its migration to the Sonic network, promising 10,000+ TPS and instant finality with full EVM compatibility.
๐ Technically
Supports: $0.50 and $0.40. Resistances: $0.80, $1.00, and $1.20. A break above $0.80 opens the path to $1.00.
๐ฅ Key triggers
โข Sonic Upgrade: a radical improvement in speed and lower fees.
โข TVL growth: inflow of liquidity into new DeFi protocols in the ecosystem.
โข High developer activity and a strong community.
๐ฏ Two scenarios:
๐ Bullish: break above $0.80 โก momentum toward $1.00, then $1.20.
๐ Bearish: loss of $0.50 โก correction to $0.40 for accumulation.
โ ๏ธ DYOR โ not financial advice.
#FTM Do you believe the Sonic upgrade will bring FTM back to $1.00+ this cycle?