Fantom (FTM) Analysis

Fantom (FTM) price has been consolidating for some time now and could continue. This is because the altcoin has not seen any strong directional bias in weeks.
However, a buy signal currently appears on the on-chain metrics, which could help FTM escape consolidation.

Fantom (FTM) price continues to remain stuck under this resistance block that has been tested multiple times in the past.
With more whale addresses joining the network, this could potentially change in the coming days.
Fantom Finds Support
Fantom’s price, trading at $0.

Fantom (FTM) price is in a downtrend, restricted under the $1 mark since the beginning of the month.
However, the altcoin has a shot at recovery, provided the investors can back FTM with accumulation.

Fantom (FTM) price has yet to validate a bullish pattern that was first registered towards the end of February.
This could occur over the coming days, given the support of the whales, and if FTM reclaims $1 as support.

The Fantom (FTM) price has experienced a notable correction of 32.79% since March 25 amidst signs of decreasing investor interest and potential selling pressures. This downturn is highlighted by the stagnation in the number of FTM holders since last week, pointing towards a cooling-off period.

Fantom’s (FTM) price action is observing some resistance in its uptrend, with the potential for further decline.
The chances of the cryptocurrency falling by 20% are running since investors aren’t providing much support to FTM.

The dwindling supply of FTM among traders over the last few days signals a noticeable shift towards accumulation by mid-term and long-term holders, suggesting a strengthened belief in FTM’s future prospects.

Fantom (FTM) price is in the midst of forming a bullish pattern but despite the rally, it is observing bearish signals.

Fantom (FTM) price hit the ceiling today as the cryptocurrency has declined by more than 6% in the last 24 hours.
This drawdown is set to leave FTM holders even more distraught since the likely outcome will mean losses for more investors.

Fantom (FTM) has seen a notable surge in the percentage of profitable holders, reaching 55%. A similar milestone was historically accompanied by a dramatic 858% increase in FTM price in less than four months. This suggests a potential upcoming price movement.

With supply on exchanges still decreasing, the potential for a bullish scenario for FTM price persists. Currently, approximately 43% of investors are holding onto their investments despite not having achieved a profit in the hope that the market will recover and prices will increase.

Fantom’s recent price trends and on-chain data show that many FTM holders find themselves ‘in the money.’ With current patterns suggesting a test of the support levels at $0.76, investors and traders cast a critical eye on FTM charts for the next decisive move.