An analysis of current technical metrics indicates the potential for Fantom (FTM) to continue its price rise, with a target of $2.
Current FTM Chart Situation
A recent trendline breakout on the FTM/USDT weekly chart shows strong upward momentum. The price broke above a critical diagonal resistance that previously capped upward movement.
Support and Resistance on Path to $2
Following the breakout, the token executed a retest of the $1.10-$1.25 zone, which transformed from resistance into support. Such price behavior often precedes substantial rallies in crypto markets.
Factors Influencing Further Growth
The formation of higher highs and lows on the chart reinforces the bullish narrative. The price structure indicates healthy accumulation, with bears losing control over previous resistance zones.
Technical analysis supports the potential advance of Fantom (FTM) to $2, with the successful retest of support providing a solid foundation for this move.
