Macro ascending channel
These are just lines on a chart but interesting to see how FTM has stayed within this ascending channel for over a year, also holding the 20 week SMA and 21 week EMA support band well on the weekly time frame. If we can trend sideways and bounce off the lower trend line of the channel we could see an explosive move to the upside between $20-$50 FTM.
Although this will be met with a lot of selling pressure from long term holders, many new investors will begin to look at FTM, due to its massive TVL and increasing wallet addresses. A true layer 1 powerhouse which is extremely undervalued.
Although this will be met with a lot of selling pressure from long term holders, many new investors will begin to look at FTM, due to its massive TVL and increasing wallet addresses. A true layer 1 powerhouse which is extremely undervalued.
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