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Fantom FTMUSD is drawing significant attention as one of the day’s top gainers, with its value surging 133.04% over the past 30 days. This impressive growth is supported by a strengthening trend, as indicated by the ADX climbing sharply to 35.6, signaling strong momentum behind the uptrend.
The increasing accumulation by whales, with large holders rising from 69 to 79 since November 25, further shows the growing confidence in FTM’s potential.
Fantom Current Trend Is Strong
The ADX for Fantom has risen to 35.6, up from 28 the previous day, indicating a strengthening trend in the market. The increase suggests that the momentum behind FTM’s price action is growing, and the trend is becoming more established.
This upward movement in ADX reflects heightened market participation and conviction, reinforcing the idea that FTM is in a decisive phase of trending activity, likely upward based on recent price behavior.
The ADX measures the strength of a trend, with readings above 25 signaling a strong trend. At 35.6, FTM’s ADX confirms a strong trend, providing strong evidence that the current uptrend has significant momentum.
This level of ADX suggests the trend is well-established and also likely to continue, making it an important signal for traders looking to capitalize on sustained price movement.
On the downside, if the current uptrend reverses, Fantom price could revisit key support levels at $1.12 and $0.98.
These levels would serve as critical areas to watch for potential buying interest or stabilization, as a breach below them could signal further downside pressure.
#FTM. #Ftmusdt
The increasing accumulation by whales, with large holders rising from 69 to 79 since November 25, further shows the growing confidence in FTM’s potential.
Fantom Current Trend Is Strong
The ADX for Fantom has risen to 35.6, up from 28 the previous day, indicating a strengthening trend in the market. The increase suggests that the momentum behind FTM’s price action is growing, and the trend is becoming more established.
This upward movement in ADX reflects heightened market participation and conviction, reinforcing the idea that FTM is in a decisive phase of trending activity, likely upward based on recent price behavior.
The ADX measures the strength of a trend, with readings above 25 signaling a strong trend. At 35.6, FTM’s ADX confirms a strong trend, providing strong evidence that the current uptrend has significant momentum.
This level of ADX suggests the trend is well-established and also likely to continue, making it an important signal for traders looking to capitalize on sustained price movement.
On the downside, if the current uptrend reverses, Fantom price could revisit key support levels at $1.12 and $0.98.
These levels would serve as critical areas to watch for potential buying interest or stabilization, as a breach below them could signal further downside pressure.
#FTM. #Ftmusdt
According to our Fantom price prediction, FTM price is expected to have a 8.66% decrease and drop as low as by December 08, 2024.
Our technical indicators signal about the Bullish Bullish 82% market sentiment on Fantom, while the Fear & Greed Index is displaying a score of 72 (Greed).
Over the last 30 days, Fantom has had 18/30 (60%) green days and 21.62% price volatility.
#FTM. #FTMUSD $FTM
Our technical indicators signal about the Bullish Bullish 82% market sentiment on Fantom, while the Fear & Greed Index is displaying a score of 72 (Greed).
Over the last 30 days, Fantom has had 18/30 (60%) green days and 21.62% price volatility.
#FTM. #FTMUSD $FTM
Crypto currency price on March 4 : Bitcoin trades above $63,000; Dogecoin ,Shiba Inu jumps upto 11%
synopsis
Meanwhile ,Shivam Thakral , CEO of BuyUcoin , said ," Ethereum on the other hand , is trying to break the $3,600 level , which could potentially push the second-largest cryptocurrency beyond $4,000 ." #TrendingTopic #DOGE #BTC #ETH $BTC $ETH #Write2Eam
synopsis
Meanwhile ,Shivam Thakral , CEO of BuyUcoin , said ," Ethereum on the other hand , is trying to break the $3,600 level , which could potentially push the second-largest cryptocurrency beyond $4,000 ." #TrendingTopic #DOGE #BTC #ETH $BTC $ETH #Write2Eam