Can Fantom’s Price Sustain Its 23% Surge? | Airdrop Alert Pro

phantom (FTM) has shown remarkable recovery after the recent retracement that resulted in heavy losses for holders. Many investors chose to hold on to their shares, leading to the downturn.

However, this period of losses may soon be over as Fantom regains momentum, bringing optimism to the market.

Fantom investors are skeptical

Supply this week Exchange FTM Skyrocketing, 37 million coins were transferred within 48 hours. Investors sold their holdings for profits worth $31 million, reflecting concerns that the altcoin’s upward trend has stalled. Such moves typically signal waning confidence in cryptocurrencies’ short-term prospects.

The lack of sustained upward momentum has many investors fearing further losses. The selling pressure was intensified as holders dumped their tokens out of fear of disappearing profits. However, the recent price surge may help alleviate these concerns, potentially stabilizing market sentiment for FTM.

Active address profitability data shows only 10% participation FTM investors It has now achieved profitability. This is the lowest level of the group and indicates a slowdown in sales activity. Historically, when profitability is so low, fewer investors are inclined to sell, reducing downward pressure on prices.

Slowing sales could support Fantom’s recovery. With fewer holders liquidating their positions, altcoins have a better chance of sustaining their recent gains and continuing their upward trajectory. This dynamic could help FTM regain key price levels in the coming weeks.

FTM Price Forecast: Target at $1

phantom price A rise of 23.88% in the past 24 hours pushed the altcoin above the $0.83 resistance. FTM is trading at $0.84 and is currently focused on securing gains and maintaining the bullish momentum. Staying above this level is critical to maintaining market optimism.

If FTM manages to bounce off the $0.83 support, it may continue its uptrend. This would allow the altcoin to recover 52% of the losses it suffered in the second half of December. Reclaiming support at $1.03 would mark an important milestone, restoring investor confidence and signaling further growth potential.

However, failure to hold above $0.83 could lead to a retracement to $0.76, invalidating the bullish outlook. This scenario would wipe out some of the recent gains, leave phantom Easy to fall further to $0.66. Continued momentum is crucial to avoid further setbacks.