Technical analysis by cmerged about Symbol S: Buy recommendation (11/27/2024)

Publishing to track Fantom's possible breakout from the cylinder it's been forming for the past 2+ years of accumulation. $2 should be the near term target. With the BTC move and the FTM announcements, if there was ever a cycle for FTM to follow the ETH, AVAX, SOL type of moves, it's this one. Heading into resistance now, but if it can clear the 1.2-1.3 zone, it should start moving. Depending on the climate when it reaches the second zone in gray, this has a good chance to pick up steam.