🐳🐳🐳 #fantom ($FTM ) Price Outlook: What's Next as Whale Transactions Spike 1,000%?
Fantom (FTM) has seen impressive gains, rising 8% in the past week and 55% this month, thanks to broader market optimism during “Uptober,” whale activity, and short seller liquidations.
#WhaleActivity Surge
- Large-scale transactions have driven FTM's price to monthly highs, with trades over $100,000 jumping 1,056%, indicating growing confidence among big investors. However, with 90% of FTM holders being whales, price volatility remains a risk.
Short Seller Liquidations
- FTM’s rally has hit short sellers hard, with over $1 million in short liquidations in one day, the second-largest for October. Liquidations between $0.76 and $0.78 helped push prices higher. Currently, 24-hour liquidations are at $883.3K, according to Coinalyze.
Price Outlook
- FTM's price has risen from $0.73 to $0.76, with bullish signals such as the 50-day SMA crossing the 150-day SMA. If the 50-day SMA crosses the 200-day SMA, a golden cross could further boost momentum. The RSI at 64 indicates strong buyer control.
If support holds above $0.75, FTM could push toward $1. Open Interest has surged to $209 million, adding to bullish sentiment.
- However, if FTM falls below $0.75, it may dip to $0.6930 or lower, possibly down to $0.28–$0.60. Crypto analysts remain optimistic about the broader market, with predictions of Bitcoin reaching $280,000 in the near future.
