Fantom (FTM), a popular smart contracts platform, is currently trading at $0.9730, a key level that could determine its future trajectory. This price point represents monthly resistance, meaning it has acted as a barrier for price increases in the past month.
A breakout above this resistance level is considered a bullish signal by technical analysts. If FTM can decisively surpass $0.9730, it could surge toward $2.44, the current top resistance. Conversely, if the price fails to overcome this hurdle, it might fall back down to $0.560.
It’s important to remember that technical analysis is just one factor to consider when making investment decisions. Other factors, such as fundamental developments and overall market sentiment, can also play a significant role in price movements. Therefore, conducting thorough research is crucial before making any investment choices.
