#FTM Market Update
The selling pressure on BINANCE: FTM/USDT appears to be overdone on the 8-hour chart. 📉
📊 Key Observations:
• The RSI has dropped to levels not seen since the August 5th, 2024 crash lows, signaling oversold conditions.
• With the broader market turning higher for altcoins, FTM is positioned to rebound.
• We are currently sitting in a high-volume node accumulation zone, which historically acts as a strong support area.
This setup resembles a coiled spring, ready to bounce back out of the accumulation zone. A recovery from here could spark a significant upward movement for FTM. 🚀
Stay tuned for updates as we watch this opportunity unfold!
