- Fantom’s price has consistently formed higher lows, indicating potential for continued upward momentum.
- A breakout beyond $1.45 could lead FTM toward its next target of $3.00663, suggesting substantial growth.
- FTM shows resilience, with a mark of higher lows signaling stability in the ongoing uptrend.
Fantom’s price action has displayed a solid pattern of higher lows, signaling a potential ongoing uptrend. This upward momentum suggests that the asset may see a continuation above the $1.45 mark. Should this level hold, Fantom could be on track for significant gains, with the possibility of an over 200% price increase.
Current Market Conditions for Fantom (FTM)
Looking at the current market direction identified by Javon Marks, it shows that FTM was forming lower lows and lower highs which points to increased pressure from the selling side. A reversal was experienced by the end of 2023 when the price pattern was of higher lows and higher highs, indicating an upward movement.
Source: Javon Marks (X)The asset then broke above key resistance points, confirming the shift to an upward trend. Following a brief correction, the asset appears poised for another rise, as indicated by the upward-sloping trendline. Fantom’s recent performance demonstrates strength, as its price continues to hold higher lows.
This price action indicates that the asset is not only holding steady but may be gearing up for further price appreciation. Investors are closely watching the $1.45 level, as a move above this threshold could signal the continuation of an upward trend.
Price Potential and Target Levels
Fantom’s trajectory suggests that the next potential target is set at $3.00663, which could represent a 504% increase from current levels. The asset’s recent price behavior supports the idea that a climb to this level is possible based on its consistent pattern of higher lows. A move above the $1.45 level could pave the way for the asset to reach and possibly exceed this target.
Should Fantom follow this growth plan , investors could see an increase in price of over 200%. This could be a sign of a quick shift in the market and hence suggest the likelihood of a further move towards or even surpassing the $3.00663 price level. FTM has already displayed such strength and held the higher low bouncing ground, and now the market is eyeing this level for further signals.
