Fantom (FTM) Price Prediction: Analyzing the Potential Surge to New Heights
RSI Is at Overbought Levels
The FTM 7-day RSI is at 77, slightly down from last week's 81. RSI values above 70 indicate overbought conditions but have historically preceded continued price growth. Other market factors can sustain FTM's rise despite its current RSI status.
FTM Supply Is Changing Hands
An analysis of FTM movements shows a shift in ownership from short-term traders to mid-term investors. The movement represents a changing landscape in FTM ownership dynamics, with a significant decline in short-term holder supply and an increase in mid-term holders.
FTM Price Prediction: Can It Reach a New 2-Year High?
Recent price action and EMA trends suggest a bullish momentum, with potential surges towards $1.50 if key resistance levels are breached. However, a downtrend could lead FTM to levels below $0.60.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.