Fantom (FTM) Price Analysis
Fantom (FTM) has surged over 8% today, continuing its impressive 90% rally over the past 30 days. At the time of writing, FTM is trading at $1.34, just below a key resistance zone that ranges between $1.32 and $1.39.
Key Levels to Watch for Fantom (FTM):
- Resistance Zone: $1.32 – $1.39
- Breakout Target: A break above $1.39 could trigger a move toward $1.67, a potential 20% gain.
The Relative Strength Index (RSI) is currently at 63.97, indicating growing bullish momentum. Since the RSI remains below the overbought threshold, there is still room for further upward movement.
Lido DAO (LDO) Price Analysis
Lido DAO (LDO) has posted a 4% gain today, building on its remarkable 100% rally over the last 30 days. LDO has formed a bullish cup-and-handle pattern, which often signals an imminent breakout.
Key Levels to Watch for Lido DAO (LDO):
- Current Price: $2.31
- Resistance Levels: $2.70 and $3.05
- Breakout Potential: A successful breakout above the neckline resistance could result in a 32% upside.
The RSI for LDO currently stands at 70.24, near the overbought zone, signaling strong momentum but suggesting traders should watch for potential pullbacks.
Are Breakouts on the Horizon?
Both Fantom (FTM) and Lido DAO (LDO) are displaying strong bullish price action, supported by the broader recovery in the altcoin market. With Bitcoin stabilizing above $100K, investor sentiment remains positive.
Key Breakout Scenarios:
- Fantom (FTM): A breakout above $1.39 could push prices toward the next target at $1.67.
- Lido DAO (LDO): Breaking the cup-and-handle neckline could open the door for moves to $2.70 and $3.05.
As the altcoin market continues to recover, traders are closely monitoring these key resistance levels. If breakouts occur, Fantom and Lido DAO could emerge as significant drivers of bullish momentum in the coming days.
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