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Fantom (FTM) may reach 12.26 USD with upcoming price breakout

FTM shows significant growth potential: Fantom (FTM) is trading at about 1.23 USD, suggesting significant growth potential. Analyst Alex Clay highlighted potential price targets of 5.59 USD, 8.92 USD, and ultimately 12.26 USD, as market sentiment remains bullish despite some skepticism.

Broadening wedge pattern suggests breakout: A notable broadening wedge pattern indicates an imminent price breakout for FTM. Immediate resistance levels are monitored between 1.95 USD and 2.30 USD, where breaking through could lead to positive momentum as the cryptocurrency gains traction.

Fibonacci levels indicate consolidation phase: FTM is approaching a consolidation zone at critical Fibonacci levels of 1.95 USD and 2.34 USD. Exceeding these levels may ignite significant upward Movement, aligning with Elliott Wave theory for potential gains in the ongoing bullish trend.

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