Fantom To $2: Heres Whats Driving The FTM Price Recovery

Fantom (FTM) is enjoying much bullish momentum at the moment, and the odds of the coin rising to as high as $2 has increased. The FTM price recovery is thanks to Fantoms fundamentals, which have sparked a positive sentiment among investors.  What Is Driving The FTM Price Recovery Fantoms price recovery is mainly driven by its bullish fundamentals, especially the imminent launch of the Sonic network. In a recent blog post, Sonic Labs announced that Sonics launch is scheduled for November/December 2024. Investors consider Fantoms transition to Sonic bullish, which explains why they are investing in the FTM ecosystem ahead of the launch.  Related Reading: Cardano (ADA) Enters Stage 3 That Will Trigger 4,500% Rally To $15 According to the announcement, the layer-1 network Sonic will be EVM-compatible, enabling decentralized applications (dApps) built on other EVM chains to be integrated into the network easily. The network will provide a secure gateway to Ethereum through its layer-2 network.  The post also claimed that Sonic will provide the fastest settlement layer for digital assets with over 10,000 TPS and one-second confirmation times for transactions ” upon launch. This feat will set a new standard in the blockchain space and put Sonic ahead of its competitors.  Meanwhile, following Sonics launch, there will be an airdrop, which will cause more liquidity to flow into the Fantom ecosystem and further spark the FTM price recovery. The Sonic Foundation will airdrop 190 million S tokens out of its 500 million treasury to Fantom users.  It is worth mentioning that FTM holders can swap their coins 1:1 for the S token, Sonics native token, upon the launch of the new layer-1 network. Meanwhile, the S token will not experience any inflation in the first six months, which is positive since investors can rest assured that there wont be a supply shock following Fantoms transition to Sonic.  Other bullish fundamentals sparking the FTM price recovery include the fact that Andre Cronje, Sonic Labss co-founder, will build new decentralized finance (DeFi) primitives, with 90% of gas spent said to be going back to applications and developers.  The Charts Also Support Fantoms Bullish Fundamentals Crypto analyst Jagoilio recently highlighted how the charts support the FTM price recovery, with the coin likely to rise higher. He stated that Fantom has moved past its bearish trend and is now looking to break its diagonal resistance. He added that this presents the notion that the crypto is enforcing a bullish market structure and seeking a higher high. Related Reading: Analyst Identifies $0.75 As Most Crucial Target For XRP Price In The Campaign For $1 The analyst expects Fantom to enjoy a massive price rally in the fourth quarter, especially following the Fed rate cuts and the US presidential elections. Jagoilio went as far as asserting that FTM can outperform Bitcoin and Ethereum. He also claimed that Sonic will become the supreme layer-1 solution and outperform Solana.  According to data from CoinMarketCap, FTM is trading at around $0.57 at the time of writing, up over 9% in the last 24 hours.   Featured image created with Dall.E, chart from Tradingview.com

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Fantom (FTM) Poised For Bullish Divergence, Analyst Predicts 234% Surge

Fantom (FTM) might be preparing for a massive price increase, as pointed out in an analysis made by popular analyst Javon Marks. In a post on X, Marks pointed to the appearance of the Hidden Bullish Divergence in the chart of Fantom. The analyst stated that this could likely result in a large rebound for […]

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Fantom Price Analysis: Whale Activity Sparks Interest in FTM, Analysts Eyes on $1.2289 Target

Fantom (FTM) is gearing up for a potential breakout, positioning itself for significant upward momentum. Recently, FTM hit a low of $0.56 but has since rebounded strongly. Both investors and analysts have taken note of this recovery and the renewed strength of FTM. At the time of writing, Fantom’s price stands at $0.837661, accompanied by […]

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Crypto Analyst Says Ethereum Competitor Fantom (FTM) Could Jump To $1.2

Crypto analyst Altcoin Sherpa has provided a bullish narrative for Fantom (FTM), suggesting that the crypto token could soon make a significant rally to the upside. The analyst also hinted at how Fantom could rise when this happens.   Fantom Could Rise To As High As $1.2 Based on the chart Altcoin Sherpa shared, Fantom could rise to as high as $1.2 on its next leg up. In the meantime, the analyst noted that the crypto token is consolidating at a key level. He added that he expects Fantom to form a chop range between $0.50 and $0.70 for a bit, so that range could serve as support as it moves to the upside.   Related Reading: Analyst Warns Of Bitcoin Breakdown Below Key Psychological Level, Says $40,000 Is Possible Altcoin Sherpa sounded optimistic about Fantoms trajectory, stating that he believes FTM will still be a decent project going forward, especially with the move to Sonic. In May, the Fantom Foundation announced plans to build Sonic, a layer-1 blockchain with a layer-2 network that connects to Ethereum.  Crypto analyst Bitcoin Ape also shared a sentiment similar to Altcoin Sherpa, predicting that Fantom could rise to $1.2. The analyst stated that FTMs rally could happen once there is a market recovery, with Bitcoin leading the way. Specifically, Bitcoin Ape highlighted a falling wedge pattern formed on Fantoms chart, which showed that a price rally was imminent.  Like Altcoin Sherpa, Bitcoin Ape also alluded to Fantoms pivot to Sonic as a bullish fundamental for the crypto token. The analyst noted that Fantom has been on a massive revamp lately with several updates, including the launch of Sonic Labs. He also mentioned the over $100 million in $S (Sonics native token) airdrop, which could attract developers and users to Fantoms ecosystem.  In the meantime, Bitcoin Ape predicts that Fantom could experience more volatility in the coming days because it is currently oversold. However, once the crypto token leaves its oversold condition, the crypto analyst expects that breakout to happen.  FTM Could Drop To As Low As $0.45 Before Next Leg Up Crypto analyst Ijaz Awan recently predicted that Fantom could drop to as low as 0.45 before its next move up. He noted that Bitcoins weakness is dragging altcoins like FTM down, which is why Fantom struggles to gain momentum. As such, he predicts that the crypto token could experience a period of consolidation between $0.45 and $0.55 before its next leg up.  Related Reading: Is The Bitcoin Bottom In? Crypto Expert Predicts Bullish Price Reversal However, the analyst warned that Fantom cannot afford to lose that range of support. He suggested that a drop below that price level would invalidate his structure and could lead to further price declines for the crypto token.  At the time of writing, Fantom is trading at around $0.54, down over 3% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

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Fantom (FTM) Bull Run: 8% Price Surge And Robust Double-Digit Growth In Key Metrics

Fantom (FTM), a Layer-1 (L1) protocol, and its native token, FTM, have experienced significant gains and notable achievements in the first quarter (Q1) of 2024.  According to a comprehensive performance analysis conducted by Messari, amid the emerging crypto bull market, Fantom has emerged as one of the major beneficiaries, showing significant growth in key metrics [...]

The post Fantom (FTM) Bull Run: 8% Price Surge And Robust Double-Digit Growth In Key Metrics appeared first on Crypto Breaking News.

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Fantom Revival: Crypto Analyst Predicts A Jump To $1.2 For FTM Price

Fantom (FTM) had initially reclaimed the $1 level back in March and expectations were that the coin would rise to $2. But that was before the market crash sent prices spiraling, and Fantom lost almost 50% of its value during this time. However, all hope is not lost of for the coin, as one crypto [...]

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FTMs Key Support At Risk As Fantom Launches Sonic Foundation And Wraps $10M Funding

The Fantom Foundation has recently disclosed its plans to establish the Sonic Foundation and Sonic Labs in preparation for the launch of its Sonic blockchain.  In an announcement on Thursday, the foundation expressed its commitment to leveraging its technology and revealed additional details about the upcoming developments. Fantom Introduces Sonic Chain According to the foundations [...]

The post FTMs Key Support At Risk As Fantom Launches Sonic Foundation And Wraps $10M Funding appeared first on Crypto Breaking News.

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Fantom Launches Recovery Plan For Funds Lost In Multichains $200M Exploit, FTM Soars

The Fantom (FTM) Foundation has taken decisive steps to recover assets lost in the Multichain exploit that devastated various chains, including its own, resulting in a staggering $210 million loss. After failed attempts to engage with the Multichain Foundation, the Protocol has announced that it filed a lawsuit for breach of contract and fraudulent misrepresentations.  [...]

The post Fantom Launches Recovery Plan For Funds Lost In Multichains $200M Exploit, FTM Soars appeared first on Crypto Breaking News.

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Fantom (FTM) Jumps 180% In 4 Weeks: Just The Beginning?

Over the past 24 hours, Fantom (FTM) has emerged as the standout performer among the top 100 cryptocurrencies by market capitalization, registering a remarkable 13.5% gain. This surge is part of a broader rally that has seen the FTM price soar by 180% over the last four weeks, propelling it from $0.42 to $1.20. This upward trajectory has significantly boosted Fantom’s market capitalization to $3.3 billion, positioning it as the 41st largest digital asset worldwide. Here’s why this might be just the beginning: #1 Sonic Upgrade: The Catalyst for Fantom’s Rally The anticipated Sonic upgrade is central to Fantom’s recent success. Designed to enhance the Fantom technology stack, Sonic introduces major scalability improvements without necessitating a disruptive hard fork. Key components of the Sonic upgrade include: Fantom Virtual Machine (FVM): Aims to significantly boost transaction throughput. Carmen Database: Promises to reduce storage requirements by up to 90%. Optimized Lachesis Consensus: Improves upon the existing consensus mechanism for enhanced performance. With these enhancements, Fantom targets a throughput of over 2,000 transactions per second (TPS), marking a substantial leap in scalability. Importantly, the upgrade ensures that existing Fantom Opera smart contracts and tools remain fully compatible with the Sonic mainnet, which is scheduled to launch in Spring 2024. Related Reading: Fantom (FTM) Bull Run: Can FTM Hit $2 After 20% Price Spike? Recent testnets have demonstrated Sonic’s potential. The closed testnet, focused on ERC-20 swaps, achieved an impressive ~4,000 TPS with ~1.3-second finality. Furthermore, a reconfiguration to process only ERC-20 transfers led to a groundbreaking ~10,000 TPS at ~1.6-second finality, showcasing the capabilities of next-generation decentralized exchanges (DEXs) and wallets. 10k tps achieved. Publicly verifiable. Can test for yourself, on public infrastructure. No need for "trust me bro". Available today, no need to wait. And we havent even started with the parallel execution meme. https://t.co/q2QRKM9WXe — Andre Cronje (@AndreCronjeTech) March 15, 2024 Reflecting on Sonic’s impact, Reflexivity Research highlighted, “Fantom Sonic unlocks new possibilities for the Fantom ecosystem, particularly in decentralized finance (DeFi) platforms, blockchain games, high-frequency applications, and the Internet of Things (IoT).” The research firm added that another cornerstone for Fantom is its exemplary 99.9% uptime. Fantom’s novel solutions position it as a frontrunner in the development of decentralized networks, Reflexivity Research stated. #2 Andre Cronje: The Innovator’s Promise Andre Cronje, the founder of Fantom and one of the brightest minds in the crypto industry, has been instrumental in driving innovation within the ecosystem. Cronje recently underscored his commitment to advancing the crypto space, stating, “The number 1 dex on Base, and the number 1 dex on Optimism are both built with code I wrote and pioneered. Stick to where the innovators are, post Sonic I will be adding some new primitives to crypto.” Related Reading: Fantom Launches Recovery Plan For Funds Lost In Multichains $200M Exploit, FTM Soars #3 Coinbase Announcement: A New Milestone Another factor driving todays price rally is probably todays Coinbase International announcement that it will launch Fantom perpetual futures on Coinbase International Exchange and Coinbase Advanced, set to commence on or after 9:30am UTC on March 28, 2024. This move by Coinbase is expected to further enhance Fantom’s liquidity and accessibility, contributing to its growing appeal among investors. @CoinbaseIntExch will add support for Fantom and THORChain perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our FTM-PERP and RUNE-PERP markets will begin on or after 9:30am UTC on 28 MAR 2024. pic.twitter.com/CHBVF58ISc — Coinbase International Exchange (@CoinbaseIntExch) March 21, 2024 #4 Technical Analysis: FTM/USD The bullish momentum of Fantom price is apparent in the weekly FTM/USD chart on Binance, signified by the latest candlestick closure above the key exponential moving averages (EMAs) of 20, 50, 100, and 200 periods. This week’s candlestick represents a notable increase of approximately 50% from the intra-week low. Fantom’s ascent has propelled its value beyond the 0.382 Fibonacci retracement level, situated at $0.9176. This bullish breakout suggests the market may target subsequent Fibonacci levels, with $1.38 (0.382 Fib) acting as an intermediate psychological and technical resistance, followed by $1.76 (05 Fib), and potentially extending towards the golden ratio at $2.13, which corresponds with the 0.618 Fibonacci level. On the flip side of this bullish scenario, should a correction occur across the broader crypto market, immediate support for FTM can be anticipated at the $0.92 level. Stability at or above this threshold could reaffirm bullish market control. Conversely, a downward breach could intensify selling pressure, possibly leading to a retest of support around the $0.56 mark. Featured image from Kraken Blog, chart from TradingView.com

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Fantom Price Explodes: How High Can the Fantom (FTM) Price Go?

Now, the big question is whether this bounce-back will last. Let's take a look at the Fantom price prediction article

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Fantom (FTM) Records 23% Gains On Weekly Chart, What’s Next?

While the global crypto market capitalization plunged today, with most coins trading in red, Fantom (FTM) bucked the bears. FTM has scored over 23% price gains on the weekly chart. The coin gained 0.48% on the last day and shows a 4.65% price increase in the previous hour. With today’s performance, Fantom joined the list [...]

The post Fantom (FTM) Records 23% Gains On Weekly Chart, What’s Next? appeared first on Crypto Breaking News.

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Fantom Price Prediction: FTM Drops 8% To $0.48 – What Next?

Fantom price was trading at the 200-four-hour SMA just above $0.49 after dropping 8.53% in the past 24 hours. The bulls were struggling to hold [...]

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FTM price rebounds 50% as Fantom reveals 30 years runway (without having to sell its token)

The Fantom Foundation's attempt to dispel concerns about potential FTX exposure has been a success thus far for FTM price.

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Fantom Surprises With 5% Rally In Last 24 Hours – More Gains Ahead?

Fantom (FTM) bounces back with a 5% rally in over 24 hours after it hit a massive low yesterday. On-chain metrics hint at a bull run. Still, buyers are still advised to be extra cautious. FTM rallied 5% in the past 24 hours Fantom’s on-chain metrics hinting a bullish movement FTM experiencing strong selling pressure FTM bulls are still trying to push through the resistance. Evidently, the downward movement in the past couple of weeks highlights that the lower timeframe is generally bearish. Related Reading: BNB Price Watch: The Charts Look Good For Traders – More Green On The Plate? Fantom Down Since August Judging by the 12-hour chart, FTM is seen to spiral downward which has been in progress since August when Fantom breached below $0.38 as it retests the $0.33 resistance zone and key support at $0.286. A higher timeframe range was also spotted on the charts from $0.31 to $.53. Notably, the $0.412 range has been the resistance and support level as seen since May. Chart: TradingView.com The two-hour chart for FTM reveals that another range may be formed. One was able to reach the range of $0.242 to 0.217. According to CoinMarketCap, FTM price has slumped by 5.41% or trading at $0.2221 as of this writing. While there is a possibility of a breach, the positioning of FTM sets it for a downtrend, especially with the increase in selling opportunities. FTM RSI At 64, Hinting At A Bullish Movement The crypto’s relative strength index peaking at 64 shows an obvious bullish movement with the OBV moving sideways as seen in the past week. With that in mind, even with FTM bouncing back from its low, both the price action and OBV aren’t hinting at any breakout at this point. The resistance zone which worked as the key support in September could make significant strides again in the next couple of hours. While buying FTM is a tempting feat it will only be an advantage when you do so under certain circumstances like a bullish market. However, Fantom is not shooting for a long-term range and is in fact even leaning towards a long-term downtrend. A low-risk short may be apparent in the $0.244 range. An hourly session that closes above the $0. 251 zone will invalidate the bearish momentum. The bearish targets are spotted right at the middle of the range and include their lows. Related Reading: Bitcoin Price Retreats Below $19,000 – Will It Slide Under $18,000 This Week?  FTMUSD pair trading at $0.2245 on the daily chart | Source: TradingView.com Featured image from Zipmex, Chart: TradingView.com

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Fantom (FTM) Hit By Bearish Sentiment Despite Logging Over 300,000 Active Users

Fantom network was able to log more than 300,000 active weekly users which is a 4% decrease from the 325,000 users tracked the past week. Fantom treads the bearish route as negatively impacted by the crash of the crypto market FTM social metrics down Fantom records over 300,000 active weekly users The bears are definitely lobbying on Fantom (FTM) as the coin endures massive decline. Fantom admits that they have been severed by the bearish impact of the crypto market triggering a plunge. More so, average daily transactions on Fantom from August 11 to 18 accumulated to roughly 44,300. Related Reading: XRP Signals Considerable Uptick – Will Social Media Lift Its Price Past $0.34? Fantom Goes Bearish, Sheds 4.71% Additionally, Fantom network transactions from August 11 to 17 also dropped by 0.11% or a decline from 847,000 the other week to 846,000 that was penned last week. According to CoinMarketCap, FTM has dropped by 4.71% or trading at $0.2911 as of this writing. The number of unique wallet addresses that actively traded on Fantom from August 11 to 18 also declined by 48%. Notably, this month, the daily active wallet addresses on FTM have dropped by 65%. Around 18,690 new wallet addresses were spawned based on the new wallet addresses verified on the network. But, as FTM price dropped in that given period, the number of new unique wallet addresses created on Fantom also plummeted. In almost a month, a dip of 19% was observed in the index of new wallet addresses. It seems that everything cascaded down creating a domino effect of sorts. Social Metrics Down For FTM Social metrics of FTM has been down. In fact, from August 11 to 8, the social dominance and volume of FTM has lost steam by 25% and 23%; respectively. As of press time, the abovementioned social metrics has declined by 57% and 84% this month. FTM has the highest negative sentiment recorded this August at -0.932, the highest registered in the past three months. Chart from TradingView.com From August 11 to 18, FTM suffered a decline of 85% for whale transactions that go over $100,000. For transactions that shoot above $1 million, after peaking two whale transactions on August 16, nothing close to that was accomplished from August 17 to 18. The CMF dynamic line of FTM was spotted at the central line which hints a bullish activity on FTM price. Hence, an uptrend is apparent. On the other hand, with a bulk of FTM coins shoveled out of crypto exchanges that received, investors must proceed with caution. Related Reading: Tamadoge Makes Noise – Is TAMA A Better Alternative To SOL? Crypto total market cap at $992 billion on the daily chart | Source: TradingView.com Featured image from Securities.io, Chart from TradingView.com

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How and Where to Buy Fantom Crypto FTM?

Find out where to buy Fantom crypto with the best rates: how to buy FTM coin instantly? What is Fantom crypto used for?

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Fantom Price Prediction 2022: When Will FTM Hit All Time High?

Cryptocurrencies are growing rapidly as fiat currencies lose their shine during the global recession. Blockchain-based cryptocurrencies appear to be controlling the crypto market, with decentralized financing (DeFi) becoming the talk of the town for digital assets. Many financial experts have announced collaborations and multibillion-dollar investments. After Ethereum, Terra, and Binance Smart Chain, it is now […]

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Fantom Price Prediction – Andre Cronje Scandal might CRASH FTM Further!

Andre Cronje and Anton Nell have left the DeFi space. Among other things, Andre Cronje was involved in the Fantom project, which is why the price of FTM fell drastically recently. But how does the chart for the Fantom price look now? Does the price still have a future, or will the price continue to fall since Andre Cronje left the project? In this Fantom price prediction, we'll cover FTM prices from a technical standpoint.

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Fantom TVL Balloons – What That Means For FTM Token

Underlying Fantom fundamentals could indicate that FTM is ready to take off on the back of another crypto market recovery. Covered: Fantom Fundamentals Gaining Strength FTM Price Update Fantom (FTM) is a layer-1 (L1) blockchain that seems to have gotten overlooked in the past few months. As Bitcoin and the crypto markets look for a […]

The post Fantom TVL Balloons – What That Means For FTM Token appeared first on CryptosRus.

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Fantom Price Breakout: Analyst Shares Anatomy Of FTMs 18,000% Move To $150 By 2025

A recent technical analysis on TradingView has drawn attention to the Fantom price, with a projected 18,000% increase to reach $150 by 2025. Ultra-bullish predictions are common in the crypto market, but this one is exceptionally optimistic for Fantom. The technical analysis, which dates back to the crypto’s price action in late 2020, bases the ultra-bullish prediction on historical price trends and technical patterns forming on the Fantom price chart. Anatomy Of FTMs 18,000% Move The analyst’s prediction begins by highlighting Fantom’s significant price correction of 70% from its 2021 all-time high of $3.46. Despite this, technical indicators show that investors are now adopting a bullish outlook on the cryptocurrency. The 10-day Fantom/TetherUS chart reveals resistance breakouts in both the price action and the RSI indicator, signaling a shift in momentum from bearish to bullish. Consequently, the analyst’s technical setup now indicates a bullish reversal in progress.  Related Reading: XRP Price Prediction: Analyst Gives Reasons For Why $10,000 Is A Feasible Price Target Central to the forecast is the bull flag pattern that spans Fantoms price movements over the past three years. Notably, recent price action has seen the Fantom price breaking above this bull flag pattern. The analyst notes that if this pattern repeats the impulsive wave seen in Fantoms rally in 2021, the cryptocurrency could achieve another 18,000% increase. Back in 2021, this 18,000% increase saw the price of Fantom go from around $0.015 in November 2020 to $3.46 by October 2021. Although the cryptocurrency landscape has changed since then, the analyst predicted that Fantom could repeat another 18,000% move in light of the bull flag breakout. This would translate to a price of $150 from the current price level. Such a move would undoubtedly see Fantom outperforming most cryptocurrencies. Nonetheless, the analysis emphasizes the need for patience, as corrections of up to 80% may occur during the projected climb. The confluence of multiple technical indicators, visualized through red and blue arrows on the chart below, further supports the forecast. Key Resistance Levels And Risk Assessment The analyst identifies $3 as the first major resistance level, highlighted by the formation of an inverse head-and-shoulders pattern. Breaking through this zone would be a crucial step in validating the bullish trajectory. Related Reading: Dogecoin Price Completes First Bull Phase Similar To 2021, Heres What Comes Next At the time of writing, Fantom (FTM) is trading at $1.03. Its price movements in the past seven days have traded between the upper and lower ends of $1.29 and $0.987, respectively. However, Fantom is still bullish on the larger timeframe, as it is currently up by over 61% in the past 30 days.  An 18,000 projection from the current levels would require far more capital inflow than it did in 2021, when Fantom was trading around 1 cent. Regardless of how this 18,000% projection plays out, the Fantom price is on track to keep on its steady growth alongside the rest of the crypto market, especially if an altcoin season eventually rolls in.   Featured image created with Dall.E, chart from Tradingview.com

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