Fantom (FTM) Price Soars as Whales Intensify Accumulation

Fantom (FTM) price has surged in the last 24 hours, thanks to the strength from the ADX indicator, which currently stands at 47, indicating strong trend momentum. Historical data suggests that the price may continue to rise, with FTM reaching 1.35 USD, and if this trend continues, it could reach 1.5 USD in December.

However, the actions of FTM whales (large investors) have recently stagnated after a strong accumulation earlier this month. The number of wallets holding between 1,000,000 and 10,000,000 FTM has slightly increased from 69 to 74, but since November 21, this number has stabilized between 72 and 74. This may signal a pause in the bullish momentum, as whales are waiting for clearer signals from the market before taking further action.

If the trend reverses, FTM could test support levels at 1.12 USD or even 0.98 USD in the case of a deeper correction, but currently, with strong upward momentum, it is likely that the price will continue to rise.