As Bitcoin shows signs of a possible bullish trend, altcoins like Fantom (FTM) and Celestia (TIA) are starting to see some positive movement. Fantom (FTM) has surged over 10%, while Celestia (TIA) is also following suit. With the end of the quarter approaching, crypto prices are expected to see a slight uptick, maintaining the bullish momentum.
Fantom (FTM) Price Analysis
During the second quarter, Fantom (FTM) faced a significant setback due to increased bearish activity. However, after bouncing back from August lows, the price is now showing bullish signals and a strong possibility of reclaiming previous levels. To achieve this, bulls may allow bears temporary control to trap them at the bottom.
FTM has been trading within an ascending triangle pattern since bouncing off the ascending support. The RSI is nearing the upper limit, suggesting a potential pullback that could temporarily lower the price. Despite this, the MACD indicates bullish dominance, keeping the rally under bullish influence. Strong support is expected at $0.5, with a potential breakout above $0.55 leading to a rise above $0.6.
Celestia (TIA) Price Analysis
Celestia (TIA) experienced an 80% pullback from its highs and struggled to break above descending resistance until a recent breakout occurred. Bulls are regaining strength, hinting at a possible 45% upswing if the rebound is confirmed. However, sustained bullish momentum may be challenging, leading to a period of horizontal consolidation.
TIA has been attempting to break above resistance levels after being rejected from yearly highs. Bollinger bands are narrowing, and DMI levels are converging, with a bullish crossover indicating a potential reversal. The next few days will be crucial for TIA’s price action, with a bullish continuation possibly pushing levels to $8, while a drop could prompt increased bearish activity.
