Fantom (FTM) Bulls Are Standing Strong

Price movement in the Fantom daily market signals strong buying activity. As a result, the token’s price increased by an additional 3.35% today. Furthermore, signs hint at the possibility of further price increases in subsequent sessions.

FTM Statistics:
Fantom Price: $0.6971
FTM Capitalization: $1,912,528,276
Fantom’s Circulating Supply: 2,803,634,836
FTM’s Total Supply: 3,175,000,000
Fantom’s CoinMarketCap Rank: 47

Key Price Levels:
Resistance: $0.7000, $0.7500, $0.8000
Support: $0.6500, $0.6000, $0.5500

FTM Market May Experience Stronger Moves

The Fantom token has continued its upward correction, pushing the market through the 61.80 Fibonacci retracement level. Similarly, the ongoing session stands above a key base level. Combined with the appearance of the mentioned price candle, one could deduce that downward pressure isn’t that strong yet.

At the same time, the Stochastic RSI indicator lines are rising steadily toward the 50-threshold level, suggesting that bullish momentum is increasing. Therefore, it seems likely that price activity will continue upward.

Fantom Bulls Aren’t Tired Yet

The FTM 4-hour market reveals that buying pressure is still experiencing notable upticks. Price candles representing recent trading sessions are hugging the upper limit of the Bollinger Bands. There have been some rebounds in the opposite direction, but buyers quickly recovered.

Additionally, the Stochastic RSI is dragging in the overbought region, and the indicator lines are approaching another bullish crossover. Consequently, traders can still use crypto signals with targets at the $0.7500 price level.

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