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Posts
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By CryptoSaint · Posted
FTM's Price Stalled at Support: The recent price decline for Fantom (FTM) has found temporary solace near the $0.65 demand zone. This provides a potential springboard for a reversal, but challenges remain. Technical Indicators Offer Mixed Signals: The weekly chart shows FTM trading below the crucial 23.60% Fibonacci retracement level, a hurdle that needs to be overcome for a sustained uptrend. However, a double bottom reversal pattern on the daily chart hints at a potential bullish turnaround. Market Rebound Offers Hope: The broader cryptocurrency market's recent recovery has boosted trading volume for altcoins like FTM. This positive sentiment could provide the impetus for FTM to break above the $1 psychological barrier. Can FTM Reach $1 This Month?: The answer hinges on FTM's ability to quickly reverse its downtrend. Here's the breakdown: Upside Potential: If the uptrend surpasses the 23.60% Fibonacci level at $0.90, FTM could reclaim the $1 mark. Optimistic Target: In a bullish scenario, the price could potentially reach $1.73, or the 50% Fibonacci level. Obstacles: FTM needs to overcome resistance at the 23.60% Fibonacci level and the $1 psychological barrier. Overall, FTM's price action suggests a potential turning point. However, overcoming resistance levels and broader market conditions will determine whether it can reach $1 in May. https://coinpedia.org/price-analysis/ftm-price-needs-quick-reversal-to-hit-1-this-may/ -
By CryptoSaint · Posted
$HNT Eyes $10 But Beware of Turbulence! ️ Helium (HNT) is up 10% in 48 hours, potentially breaking its downtrend! A successful breakout could send HNT to $10, but watch out for resistance at $6 and $8. Key Points: Bullish reversal challenges resistance trendline. Breakout could lead to $10, but beware of potential setbacks. Market-wide turnaround fuels optimism. https://coinpedia.org/price-analysis/is-hnt-price-crossing-10-milestone-this-may/ -
By CryptoSaint · Posted
$RUNE Bulls on the Charge! Double bottom breakout & momentum surge suggest #Thorchain is ready to rumble! $10.59 in sight? Maybe, but watch out for resistance at $7.67 first. ⚠️ https://coinpedia.org/price-analysis/end-of-correction-jump-in-rune-price-eyes-60-upside/
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