Price Correction from the Resistance Zone
FTM is testing the critical $0.40 to $0.42 resistance zone. A correction towards $0.35 is possible if resistance holds, while a breakout could signal further uptrend continuation.
8/19/20241 min read
FTM is currently near the $0.40 to $0.42 resistance zone. This zone acts as a critical resistance in the chart, and a price correction from this area towards lower levels is possible.
Potential Scenarios:
Price Correction from the Resistance Zone:
If the price fails to break through the $0.40 to $0.42 resistance zone, it is likely to move towards the $0.35 support level. This support level can act as a key point for a potential price rebound.
Breaking Resistance and Continuing the Uptrend:
If FTM can break through the $0.42 resistance and stabilize above it, this move could signal the continuation of the uptrend, with the price moving towards higher levels.