Fantom (FTM) Price Gains Momentum as the Market Declines | Airdrop Alert Pro

phantom (FTM) prices have risen over the past 24 hours, outperforming a falling market. Its ADX has surged to 47, indicating strong trend momentum, and historical data suggests it may rise further.

The EMA lines also remain bullish, and FTM is well-positioned to continue rising towards $1.22. However, if the trend reverses, FTM could test key support at $0.77 or even $0.35 on a deeper pullback.

Fantom is currently trending strongly, but further gains are likely

phantom Over the past four days, ADX has surged from 12 points to 47 points, indicating a significant increase in trend strength. ADX (Average Directional Index) measures the strength of a trend regardless of direction and ranges from 0 to 100.

Values ​​above 25 indicate a strong trend, and values ​​above 40 indicate very strong momentum. The sharp rise in ADX reflects FTM’s current uptrendwhich was supported by increasing buying pressure.

Although an ADX of 47 already indicates a strong trend, historical data suggests that FTM’s ADX may exceed 50 during periods of strong momentum.

If ADX continues to climb, it will signal stronger bullish momentum that could push phantom speech higher.

Whales stop accumulating FTM

FTM whale Their accumulation appears to be slowing after a surge in activity earlier this month. The number of wallets holding 1,000,000 to 10,000,000 FTM increased from 69 on November 15 to 74 on November 21, indicating increased confidence among large holders during this period.

Tracking whale activity is crucial because these large investors can significantly influence market trends through their buying and selling behavior.

However, since November 21, the number of these wallets has stabilized, fluctuating between 72 and 74. This suggests that while whales have maintained their holdings, they are no longer actively adding to their holdings.

This stability may indicate a pause Fantom’s Bullish Momentumwhales wait for clearer market signals before taking further action. For FTM, this may result in reduced volatility Unless a new catalyst emerges to reignite the accumulation.

Fantom Price Prediction: Can It Reach $1.22?

The Fantom EMA lines remain bullish, with the short-term line above the long-term line and price trading above all lines.

This arrangement suggests strong upward momentum supported by continued buying pressure. If the current uptrend continues to strengthen, FTM price It could rise an additional 20% and test $1.22, its highest price since March.

However, if the uptrend reverses, FTM price It may face a series of key support levels.

Initial support levels are found at $0.77 and $0.58, but if these support levels fail, the price could drop to $0.35, which would represent a massive correction of 66%.