#Fantom Price Surge: Can FTM Reach $1.22?
$FTM has shown resilience, climbing in a sluggish market. Key
indicators point to continued bullish momentum, but a slowdown in whale accumulation signals potential caution.
Strong Uptrend Confirmed
*/ ADX: Rose from 12 to 47 in four days, indicating a robust
uptrend. Levels above 40 signal strong momentum.
*/ EMAs: Short-term EMAs remain above long-term ones,
reinforcing bullish sentiment.
Whale Activity Levels Off
*/ Earlier in November, wallets holding 1M–10M FTM grew
significantly.
*/ However, activity has stabilized, with fluctuations between
72–74 wallets. This suggests whales are holding but not
aggressively buying, possibly tempering upward momentum.
Price Scenarios
*/ Bullish: Persistent buying pressure could push FTM to $1.22,
its highest since March.
*/ Bearish: A reversal may test support at $0.77 or $0.58, with
strong support at $0.35 .
Conclusion
Fantom's rally has technical support, but reduced whale activity highlights a need for new catalysts. FTM’s next move will hinge
on sustaining momentum or facing market corrections.
