As Bitcoin prices start to show bullish potential, altcoins are also beginning to thrive. Fantom (FTM) and Celestia (TIA) prices are rising, contributing to increased market activity.
Fantom (FTM) Price Analysis
During the second quarter, Fantom's price faced significant challenges due to increased bearish activity. After rebounding in August, the price is flashing bullish signals and showing potential for reclaiming previous levels. However, bulls might temporarily allow bears to take control for consolidation.  The current FTM price is trading within an ascending triangle with support around $0.5, which may cause a rebound and break above the resistance at $0.55, leading to a rise above $0.6. The RSI is moving towards the upper threshold, which might result in a temporary price correction. Meanwhile, the MACD shows bullish dominance, retaining bullish influence on the market.
Celestia (TIA) Price Analysis
Celestia's price saw an 80% retracement after reaching highs and, until recently, was unable to break above descending resistance. Bullish momentum is returning, and if validated, could lead to a 45% rise. However, bullish pressure might temporarily weaken, and the price could remain in horizontal consolidation.  After retracing from yearly highs, TIA is attempting to break resistance. The Bollinger Bands are beginning to squeeze, indicating a potential breakout. For confirmation of the bullish reversal, the rise needs to continue. The upcoming days are crucial for TIA's rally: continuation of the bullish trend could elevate the price to $8, otherwise, bears might intensify their pressure.
Conclusion
Fantom and Celestia prices show positive trends amid overall bullish market activity. The rise in Bitcoin and altcoin prices may lead to increased trading volumes and market interest.
Continued growth in altcoin prices, such as Fantom and Celestia, indicates potential for further price increases. Investors should closely monitor market changes.
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