Fantom aims for $0.43 as the price suddenly turns bullish at a key level

• Phantom Token FTM pushes beyond resistance

• Blockchain may be profiting from leader Ethereum

• FTM is a low-priced purchase as prices turn bullish

There has never been a better time to invest in Fantom FTM / USD tokens. This stems from the fact that FTM left a mark of the lowest price of $ 0.28. Of course, FTM has a long way to go, as it trades its own shell from the highest ever.

Basically, Fantom benefits from a boost in the crypto sector. Investors may be taking advantage of the drop in prices. Cryptocurrencies are trading at a low of only $ 0.33. This is well below last year’s record high of $ 3.5. Investors may be scooping dips for a higher ride chance.

In addition, Fantom investors see opportunities in smart contract Layer 1 protocols. History shows that as the price of ETH goes up, so does the alternative layer, such as Fantom. Investors consider the alternative Layer 1 protocol to be the best Ethereum alternative. They offer faster speeds and carry lower transaction costs. Therefore, Ethereum’s interests may have spilled over into protocols such as Phantom.

FTM explodes beyond resistance levels to establish new support

Source TradingView

Technically, the FTM is very bullish after overcoming the $ 0.28 resistance. The MACD indicator is also bullish. Cryptocurrencies are currently trading at $ 0.33. The price has not yet reached another major resistance of $ 0.43.

Investors can buy at current price levels or take advantage of minor retracements. However, the price of FTM is attractive and investors believe they can scoop tokens right away.

Overview

With the smart contract feature, investors are paying attention to FTM. Cryptocurrencies are attractive prices and are purchased after a key breakout.