🚨 $FTM /USDT Technical Analysis: Key Levels to Monitor! 🚨

$FTM is currently trading at $1.0884, down 11.12%, showing bearish momentum. The asset is approaching critical levels that could determine its next move. Let’s dive into the targets and market dynamics.

Key Levels to Watch:

1️⃣ Resistance Level 1: $1.1500

A breakout above this level could signal the beginning of a recovery, attracting bullish interest.

2️⃣ Resistance Level 2: $1.2000

Surpassing this level may indicate stronger buying momentum, pushing FTM toward higher levels.

3️⃣ Support Level: $1.0000

This is a crucial support zone. A breakdown below this level could lead to further declines and intensify selling pressure.

Trade Setup:

📈 Bullish Scenario:

If FTM moves above $1.1500, potential targets include $1.2000 and $1.2500, signaling a shift in momentum toward buyers.

📉 Bearish Scenario:

A drop below $1.0000 could push the price down to $0.9500 or lower, reflecting strong bearish pressure.

Market Insights:

24H High: $1.2427

24H Low: $1.0000

Volume: Over 202.49M FTM traded, indicating significant market activity amidst the decline.

💡 Pro Tip: Keep an eye on price movements at these critical levels. Confirm breakouts or breakdowns before entering trades, and use tight stop-losses to manage risk effectively.

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