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Fantom Price Rallies Amidst Bullish Momentum

Fantom's price experiences a notable increase, indicating a potential bullish trend as it targets new resistance levels.
Published on 2022-12-26

Fantom Price Surge

Fantom's price has recently recorded a 1.02% increase, currently trading at $0.2049. This marks a rebound after a period of decline, with the digital asset consolidating over the past 24 hours. If the market continues to favor the bulls, Fantom's price could potentially rise towards the $0.2063 resistance level.

Market Analysis

The trading session for Fantom (FTM/USD) has shown positive recovery. The asset has been range-bound within the last day, with the bulls managing to improve the price significantly. Yesterday, they overcame the $0.2026 resistance, setting their sights on the next target of $0.2063, anticipating further price improvements.

Price Movement

The one-day price chart indicates that Fantom has been advancing steadily, offering encouragement to buyers. The cryptocurrency's value has climbed to $0.2049, with a gain exceeding 1.01% in the last 24 hours. This upward momentum has allowed the price to surpass the moving average, which stands at $0.2023 on the one-day chart.

Bullish Outlook

The current trading environment is favorable for Fantom, with bulls maintaining their position effectively. As Fantom continues to rally, the focus remains on breaking the $0.2063 resistance, potentially leading to further bullish trends. The sustained upward movement suggests a promising outlook for investors and traders.

Fantom's recent price action reflects a strengthening market sentiment, highlighting its potential for continued growth.

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