There are emerging signs of a bullish divergence

FTM shows signs of a bullish divergence on the 4-hour chart, with price reaching a key support zone between $0.38 and $0.40. If support holds, targets around $0.44 and $0.49 could be reached, signaling a potential upward move.

9/4/20241 min read

FTM 4-hour chart displaying a bullish divergence, with price at a critical support zone between $0.3
FTM 4-hour chart displaying a bullish divergence, with price at a critical support zone between $0.3

In the 4-hour chart for FTM, there are emerging signs of a bullish divergence, indicating the potential for a shift in market sentiment. The price has reached a key support zone between $0.38 and $0.4, which is recognized as a strong level that could prevent further decline.
If the price finds stability in this support area, it could lead to an upward movement, targeting higher levels around $0.44 and $0.49. The formation of the bullish divergence adds to the likelihood of a positive reversal. This makes the current zone crucial for monitoring as it might offer a good opportunity for an upward move if the support holds.
Given the current technical setup, keeping an eye on FTM is advisable, as further bullish confirmations could lead to a significant move upwards. However, if the support fails, the downtrend may continue, making it essential to watch how the price reacts in this area.