Fantom, the blockchain platform,
2 months ago 1 min read

Fantom (FTM) increases by over 35% in the past week

The blockchain platform Fantom is displaying signs of a possible bullish reversal, with analysts pointing to the formation of a double-bottom pattern. Analyst Ali highlighted the emergence of a “W” pattern on FTM‘s weekly price chart in a recent post on X, implying a bullish resurgence for the asset. A double bottom, also known as a “W” pattern, is a recognized technical analysis formation that indicates a potential downtrend reversal. This pattern is distinguished by the price forming two consecutive bottoms, followed by a sharp bullish move, indicating a shift in market sentiment. According to the most recent data, Fantom