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FTM Tests the Upper Line of the Cup Handle, Can it Break Through?  

Published 12/15/2022, 02:55 AM
Updated 12/15/2022, 03:15 AM
FTM Tests the Upper Line of the Cup Handle, Can it Break Through?  

  • FTM rises from $0.17 to $0.25 towards the latter part of November.

  • The token is forming the cup handle; if the bulls push, FTM could hit Resistance 0.

  • 200-day MA is parallel to the horizon while the Bollinger Bands are widening.

Fantom (FTM) has been doing quite well as it has been trading in the green zone mostly during the second half of November up until now. As shown in the chart below, the FTM price was moving sideways with very lethargic vertical movements.

However, come the last days of November, FTM gained some momentum and rose from $0.17 to $0.25 in less than two days. From the time that FTM gained momentum, it has been able to hold on to its position. Since the beginning of December, FTM was trading between $0.23 and $0.26.

The post FTM Tests the Upper Line of the Cup Handle, Can it Break Through? appeared first on Coin Edition.

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