Fantom (FTM) Shows Strength Amid Consolidation and Growing Investor Confidence
Over the past 72 hours, Fantom (FTM) has experienced bullish momentum , rising approximately 10% and consolidating within the $0.78 to $0.81 range. The price is currently testing the upper boundary of the 4-hour Ichimoku cloud, a key technical indicator. A breakout above this zone could push the price toward $0.97, while a drop below may lead to a retest of the $0.73 support level​( CoinDesk )​( BeInCrypto ).
Technical Analysis and Outlook
Fantom’s RSI is trending upwards, signaling growing bullish momentum. On the daily chart, FTM remains above key exponential moving averages (EMAs), which could provide additional support if the price faces a pullback. Exchange netflows also show a strong pattern of outflows, indicating that investors are moving FTM into private wallets, suggesting confidence in long-term growth​( BeInCrypto )​( Cointelegraph ).
Read More: https://onthenode.com/cryptocurrency/fantom-ftm-shows-strength-amid-consolidation-and-growing-investor-confidence
Over the past 72 hours, Fantom (FTM) has experienced bullish momentum , rising approximately 10% and consolidating within the $0.78 to $0.81 range. The price is currently testing the upper boundary of the 4-hour Ichimoku cloud, a key technical indicator. A breakout above this zone could push the price toward $0.97, while a drop below may lead to a retest of the $0.73 support level​( CoinDesk )​( BeInCrypto ).
Technical Analysis and Outlook
Fantom’s RSI is trending upwards, signaling growing bullish momentum. On the daily chart, FTM remains above key exponential moving averages (EMAs), which could provide additional support if the price faces a pullback. Exchange netflows also show a strong pattern of outflows, indicating that investors are moving FTM into private wallets, suggesting confidence in long-term growth​( BeInCrypto )​( Cointelegraph ).
Read More: https://onthenode.com/cryptocurrency/fantom-ftm-shows-strength-amid-consolidation-and-growing-investor-confidence
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