# FxWirePro- FTMUSD (Chart of the day) By Sheena Jordan Canonical URL: https://www.tokenpost.com/news/investing/11530 Published: 2024-04-11T09:55:00.000Z Updated: 2024-04-11T09:55:00.000Z Section: Investing > Fantom is a highly scalable blockchain platform for DeFi, crypto dApps, and enterprise applications. It is a fast, high-throughput open-source smart contract platform for digital assets and dApps. Fantom is a highly scalable blockchain platform for DeFi, crypto dApps, and enterprise applications. It is a fast, high-throughput open-source smart contract platform for digital assets and dApps. FTMUSD was one of the best performers the previous week. Any weekly close above $1.25 confirms further bullishness. FTMUSD was the best performer and surged more than 35% in the past five days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $1.0429 and is currently trading around $0.9800. The bullish invalidation can happen if the pair closes below $0.30. On the lower side, the near-term support is $0.75. Any break below targets $0.56/$0.40/$0.30. significant downtrend if it breaks $0.30. The immediate resistance stands at around $1.25. Any breach above confirms a minor pullback. A jump to $1.35/$1.50/$1.68 is possible. A surge past $1.68 will take FTM to $2. It is good to buy on dips around $0.80 with SL around $0.56 for TP of $1.50/$2. [TokenPost]() | info@tokenpost.com ## Links in this article - [TokenPost](https://www.tokenpost.com)