Fantom (FTM) has experienced a notable rebound following a recent decline that led to significant losses for investors. The downturn prompted many to sell off their holdings, but the tide seems to be turning as Fantom gains momentum once again. Recent data shows a surge in FTM supply on exchanges, with a substantial amount of tokens changing hands. This influx of tokens being sold off reflects concerns about the altcoin's stagnant price movement. However, the recent price surge has the potential to stabilize market sentiment and support Fantom's recovery. With only a small percentage of FTM investors currently in profit, there is a possibility of reduced selling pressure, allowing the altcoin to maintain its upward trajectory. The key level to watch is $0.83, as holding above this mark could pave the way for further gains and a potential recovery of previous losses. Read more AI-generated news on: https://app.chaingpt.org/news