FTMUSDT Weekly Technical and Fundamental Analysis

Upward Channel Analysis:

FTMUSDT is currently trading within its established long-term ascending channel on the weekly timeframe.
This channel, formed since late 2022, has provided support and resistance levels for FTMUSDT's price.
The current resistance sits at around $0.54, while support rests at roughly $0.38.
Weekly Candle Analysis:

The current weekly candle is still forming and hasn't closed yet.
FTMUSDT is currently positioned above the 200-week Moving Average (MA200), indicating potential bullish momentum.
A weekly close above $0.54 could be a sign of bullish strength and continuation of the uptrend.
Target Zones:

If the price breaks above and sustains itself above $0.54, we could witness FTMUSDT potentially reach the $1.63 zone.
This target zone is identified using the Fibonacci retracement tool based on the ascending channel's highs and lows.
Important Notes:

This analysis is solely for informational purposes and does not constitute financial advice.
Conduct your own research and employ proper risk management strategies before making any investment decisions.
Fundamental Analysis:

Fantom Roadmap: Fantom recently unveiled its new roadmap outlining its development goals and plans for 2024 and 2025.
Fantom Network Growth: The daily active users on the Fantom network are on the rise, indicating increasing demand for the platform.
Fantom Collaborations: Fantom has established partnerships with several prominent companies and projects within the cryptocurrency space.
Conclusion:

FTMUSDT is currently positioned technically well and possesses the potential to reach the $1.63 zone.
However, conduct your own due diligence and utilize proper risk management strategies before making any investment decisions.
Keywords:

FTMUSDT
Technical Analysis
Fundamental Analysis
Ascending Channel
Weekly Candle
200-week Moving Average (MA200)
Target Zones
Roadmap
Network Growth
Collaborations
Risk Management
Resources:

TradingView: tradingview.com/
Fantom Foundation: fantom.foundation/