FTM/USDT it shows price will be back test on the support!

💎 Paradisers, #FTM is indeed catching the eye as a coin worth monitoring closely.

💎 After facing rejection at the resistance area, it appears poised to revisit the support region around 0.568 in search of renewed momentum.

💎 Should FTM successfully find support and bounce from this level, it could potentially form a double bottom pattern, with the neckline acting as resistance around the 0.798 mark.

💎 To validate this pattern and shift back to a bullish trajectory, FTM must break above both the resistance and the descending trendline of the pattern. If successful, this breakout could pave the way for further upward movement, possibly leading FTM to retest our target strong resistance area.

💎 However, if FTM fails to find support at the aforementioned level and instead breaks below it, this could signify a bearish continuation, with the price likely heading towards the next significant level, the Bullish OB area around 0.449.

💎 Reclaiming the support at 0.568 would be crucial for FTM to maintain its bullish momentum. Should FTM fail to bounce even after reaching the Bullish OB area, it would signal a bullish invalidation, indicating a continuation of the bearish trend.