Fantom (FTM) price is up more than 16% in the last seven days and reached a high of $0.3755. However, after this rise, technical indicators suggest that the gains in FTM price may slow down. The price of FTM may either drop to $0.17 or rise to $0.95.

Is a Decrease in FTM Price Possible?$FTM


FTM’s current momentum indicators are trading below neutral territory, suggesting a noticeable decrease in buying pressure. The Relative Strength Index (RSI) is currently at 45.60, while the Money Flow Index (MFI) is at 35.37. These indicators indicate whether an asset is oversold or overbought. FTM’s RSI and MFI values ​​indicate that investors have been selling more coins recently, putting downward pressure on the price. If this trend continues, FTM’s earnings could decline.

Additionally, the Chaikin Money Flow (CMF) indicator remains below the zero line, confirming that it is not supported by any significant buying activity seen in the last seven days on FTM. The CMF value is currently calculated as -0.11. The CMF measures the flow of money into and out of the market; a value below zero indicates market weakness and liquidity outflow. This could lead to price declines.

These indicators suggest that demand for FTM is declining and the current price increase may be due to previous increases.

What Will Be the Future of FTM?
Low interest and price-daily active address (DAA) metrics suggest that FTM is also showing negative effects on on-chain data. After the start of the price rally in FTM, this metric has only shown negative values. Currently, the price DAA deviation is measured as -49.64.

DAA divergence compares price movements to changes in the number of daily active addresses and evaluates whether price movements are supported by network activity. When the price of an asset is rising, a negative DAA divergence indicates that although there is an increase in the network, this increase is not supporting the price movement and the rally may not continue. This could signal a potential correction.

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