FTM surged by 85%, breaking key resistance levels. Whale activity and liquidity data suggested that a potential rally to $1.68 may be...
has seen a strong bullish run following its breakout from a key bullish pennant pattern on the weekly chart. In fact, after rebounding from the pennant’s support level at $0.64, FTM recorded an impressive 85% surge to its press time trading price.
This rally also pushed the altcoin past its critical weekly resistance level at $1.08 – A sign of growing market confidence.On the daily chart, FTM further extended its gains by breaching the recent resistance level of $1.20. The immediate resistance beyond this now lies at the $1.68 key weekly resistance level. This target is a critical zone for further gains, given the recent momentum in the broader market.Fantom’s rally has coincided with a surge in whale activity. According to data from IntoTheBlock, large transactions climbed by 500% over the last 24 hours—A sign of growing interest from high-net-worth investors.On the other hand, exchange outflows fell to their lowest level since 03 June.
In light of interesting liquidity levels, backed by a hike in investor interest, FTM’s uptrend might continue for the next few weeks, barring unforeseen market shifts.Kelvin Murithi is a freelancer cryptocurrency price analyst working with AMBCrypto. He has significant experience in financial markets and digital assets. He also has a background in market analysis, investment strategies, and economic forecasting.Subscribe to get it daily in your inbox.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fantom surges 20% in 24 hours: Next key levels for FTMFTM is making waves in the crypto market, soaring over 20% in the last 24 hours to trade at $0.8563 at press time.
Read more »
Fantom crypto surges 60% in 7 days, smashes $3B milestoneFantom [FTM] surges 60% this week, pushing its market cap past $3B. What’s behind this rally in Fantom crypto?
Read more »
Antetokounmpo scores 23 to lead Bucks past Raptors 99-85 in matchup of NBA's worstMILWAUKEE (AP) — Giannis Antetokounmpo scored 23 points to lead the Milwaukee Bucks past the Toronto Raptors 99-85 on Tuesday night in an NBA Cup game between teams that entered with the two worst records in the league.
Read more »
Three Toronto men facing 85 criminal charges in gun and drug trafficking investigationThree Toronto men are facing a combined 85 criminal charges after a months-long investigation into the trafficking of cocaine throughout the Greater Toronto Area.
Read more »
85 surprising facts about Margaret AtwoodMargaret Atwood
Read more »
Antetokounmpo scores 23 to lead Bucks past Raptors 99-85 in matchup of NBA's worstMILWAUKEE (AP) — Giannis Antetokounmpo scored 23 points to lead the Milwaukee Bucks past the Toronto Raptors 99-85 on Tuesday night in an NBA Cup game between teams that entered with the two worst records in the league.
Read more »