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 - EconoTimes)
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FTMUSD was one of the best performers the previous week.
Any weekly close above $1 confirms further bullishness.
FTMUSD was the best performer and surged more than 150% in the past month. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $0.9853 and is currently trading around $0.8604.
The bullish invalidation can happen if the pair closes below $0.30. On the lower side, the near-term support is $0.70. Any break below targets $0.56/$0.40/$0.30. significant downtrend if it breaks $0.30.
The immediate resistance stands at around $1. Any breach above confirms a minor pullback. A jump to $1.35/$1.50/$1.68 is possible. A surge past $1.68 will take FTM to $2.
It is good to buy on dips around $0.70 with SL around $0.50 for TP of $1.35/$1.50
