Price and Market Indicators for FTM
FTM is currently trading at $1.08, giving it a market capitalization of $3.02 billion. Its 24-hour trading volume is $1.35 billion, which is 53.39% higher than the previous day.
The weekly chart for FTM shows bullish momentum, with the price breaking through all key exponential moving averages (EMA 20/50/100/200). The current price of $1.08 is significantly above the 200-day EMA at $0.4628, confirming a strong upward trend. The 20-day EMA ($0.6928) and the 50-day EMA ($0.6026) show an expanding gap, reinforcing bullish sentiment.
However, the Relative Strength Index (RSI) is at 66.06, indicating that FTM is approaching overbought conditions. This suggests that the bullish momentum for FTM may weaken. The cryptocurrency has surpassed the key Fibonacci retracement level of 78.6% at $1.02, turning it into a critical support zone. Nevertheless, the token faces a resistance level at $1.22, a zone last observed on March 18. If FTM breaks through this level, it could see additional gains. If it fails to break $1.22, a pullback to $0.86 is possible, which corresponds to the Fibonacci retracement level of 61.8%.
