Fantom (FTM) has formed a golden cross after large transaction volumes surged to a one-year high above 200M.
Despite the gradual uptrend, FTM is not showing signs of exhaustion, given that trading volumes have increased by around 140% according torading volumes for FTM transactions exceeding $100,000 have increased from 3M to 201M within 24 hours.
At the same time, exchange netflows show that traders are withdrawing their FTM tokens from exchanges. In the last two days, FTM exchange netflows have been predominantly negative, which could ease the selling pressure.Negative exchange netflows give room for FTM to extend its gains as it shows traders are not keen on booking profits.The bullish trend is showing signs of continuation after Fantom formed a golden cross on the one-day chart.
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.
Only 34% Of Americans Can Get 20/20 On This US History TriviaToday we’re looking at how well you know your American history! We’re moving through the history of the American timeline, where presidents, wars and inspiring people paved the way for the America we know today. Let’s get going! Good luck!
Read more »
‘Identifying 20 Movies From 20 Scenes’ ChallengeWelcome to the ‘Movie Scenes’ trivia quiz! This trivia will take you on a cinematic journey as you’ll be presented with 20 movie scenes from 20 different movies. Your mission is to correctly identify which movie the scene is from.
Read more »
Famtom: Short sellers, whales fuel FTM’s rally – Is $1 within reach?FTM rallied by 10% as short sellers were forced to buy to cover their positions after the price hit a hot liquidation zone.
Read more »
Fantom: 980% spike in big deals boosts FTM’s priceFantom jumps 11% in 24 hours as whale activity surges by a significant 980%. Explore the metrics and their impact on its price.
Read more »
– How FTM’s consolidation can offer trading opportunities within rangeFantom had a bullish structure on both the daily and weekly timeframes, and defended the $0.61 level as support during recent selling...
Read more »
Shiba Inu gains over 20% in 24 hours, leads memecoin rallyShiba Inu spikes over 20%, nearing key resistance with surging trading volume and open interest, and leading memecoin rally.
Read more »