Fantom (FTM) Price Gains Strength From Bullish Market Trends
phantom (FTM) came into focus as one of the day’s top gainers, with its value surging 133.04% in the past 30 days. This impressive growth is supported by a strong trend, with ADX climbing sharply to 35.6, indicating the strong momentum behind the uptrend.
The accumulation of whales continues to increase, with large holders increasing from 69 to 79 since November 25, further demonstrating growing confidence in FTM’s potential.
Fantom is currently trending strongly
ADX is phantom It rose to 35.6 from 28 the previous day, indicating a strengthening trend in the market. This increase indicates that the momentum behind FTM price action is increasing and the trend is becoming more certain.
This uptrend in ADX reflects increased market participation and conviction, reinforcing the view that FTM is in the decisive phase of trend activity and is likely to move higher based on recent price action.
ADX measures the strength of a trend, with a reading above 25 indicating a strong trend. FTM’s ADX of 35.6 confirms the strong trend, providing strong evidence that the current uptrend has significant momentum.
This level on ADX suggests that this trend is well established and is likely to continue, which is an important signal for traders looking to take advantage of ongoing price action.
Whales are steadily accumulating FTM
quantity FTM The number of whales increased to 79 from 69 on November 25, reflecting a significant increase in large whalers. This growth indicates increased interest and accumulation by entities with significant purchasing power.
This trend in whale activity is usually a bullish sign as large holders can influence the market.
Tracking whales is important because these large holders often have the resources and insight to shape market trends. An increase in whales usually indicates accumulation, which can reduce selling pressure and set the stage for higher prices.
recent rise FTM whale Could be a sign of upcoming price increases. This happens because their continued interest and purchasing activity may drive scarcity and higher demand, creating a positive impact FTM price.
Fantom Price Prediction: Can FTM Reach $1.50 in December?
phantom It has reached its highest price since March 2022, rising 28.39% in the past seven days. If this momentum continues, it will test the $1.40 and $1.50 resistance levels, with the potential for another 15% gain.
Recent performance highlights strong bullish sentiment and market interest, supported by continued price gains.
The downside is that if the current uptrend reverses, phantom speech The key support levels of $1.12 and $0.98 are likely to be revisited.
These levels will be key areas to watch for potential buying interest or stability, as a break below these levels could signal further downward pressure.
Disclaimer
conform to trust project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
