Fantom (FTM) Set for a Massive 405% Surge: Don’t Miss This Breakout

• Fantom (FTM) is making higher lows, representing powerful bullish pressure with a potential rally of up to 405%.
• Elliott Wave analysis upholds FTM’s trend as price action sticks to previous bullish trends.
• Technical projections indicate significant levels of resistance that can affect FTM’s future major price rise.

Fantom (FTM) has depicted strong bullish energy, forming consistent higher lows, which indicate potential continuation of the trend. Professionals predict a massive price increase, with estimates directing towards a lengthy rally of up to 405%, reaching $3.00663.

Elliott Wave Analysis Confirms Bullish Momentum

Market analyst Javon Marks has identified a notable price pattern in Fantom (FTM), indicating a bullish market trajectory. Recent price movements show that FTM has formed consecutive higher lows, which previously led to strong upward trends.

The price has already demonstrated substantial momentum, and projections indicate the possibility of an over 100% increase. The long-term outlook suggests an extended 300% to 405% price rally, targeting a $3.00663 price level.

FTM’s price timespan follows the Elliott Wave Theory, showing a structured five-wave impulse pattern. This pattern represents a market cycle that transitions between impulsive and corrective phases. The initial downward trend marked a prolonged correction phase before a reversal established a new uptrend. Each phase of this pattern aligns with standard wave principles, reinforcing the projected bullish momentum.

Wave (1) initiated an upward movement from a previous low, signaling strong buying pressure. This was followed by Wave (2), a retracement phase that conformed to Fibonacci correction levels.

Wave (3) demonstrated a powerful price surge, surpassing Wave (1) and continuing the bullish sequence. A corrective pullback formed Wave (4), maintaining Fibonacci support levels and setting the foundation for Wave (5).

Price Targets and Market Projections

Wave (5) is currently forming, with technical projections pointing toward further price appreciation. Two horizontal lines on the time frame indicate key resistance levels where price reactions may occur.

The first level serves as a conservative target, while the second represents an extended rally projection. These targets are derived from Fibonacci-based extensions, commonly used in forecasting price movements. The market structure suggests that historical resistance and support levels will influence future trends.

The overall trend reflects a cyclical market movement, with alternating impulsive advances and corrective retracements shaping the price action. The ability of FTM to maintain higher lows strengthens its bullish case.

Future price movements will depend on how the market interacts with key resistance and support zones. The projected upward trajectory remains consistent with Elliott Wave principles and Fibonacci analysis, reinforcing expectations of continued price growth.