CandleFocus Fantom (FTM) Price Shows Signs of Slowing After 14% Weekly Surge
2024-10-18
Author: Content Editor
The Fantom (FTM) price has experienced significant growth recently, but there are concerns about how long this trend can continue. Key indicators, such as the ADX values and exchange supply, suggest that the momentum may be weakening. The ADX has declined, indicating a potential loss of strength in the trend. The recent drop in exchange supply initially boosted the price, but the subsequent stability raises doubts about continued upward pressure. The coming days will be crucial in determining whether FTM can sustain its gains or experience a reversal towards lower support levels. Traders are closely monitoring the ADX and the EMA lines, as a further decline in these indicators could signal a bearish trend. On the other hand, if FTM's uptrend regains strength, it could challenge resistance levels and reach its highest price since May.
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