CandleFocus

Fantom (FTM) Price Surges as Whale Accumulation Intensifies

The cryptocurrency Fantom (FTM) has experienced significant growth, with its value surging 133.04% over the past 30 days. This growth is supported by a strengthening trend, as indicated by the ADX climbing sharply to 35.6. The increasing accumulation by whales, with the number of large holders rising from 69 to 79, further demonstrates confidence in FTM's potential. The ADX measurement suggests that the trend is well-established and likely to continue, making it an important signal for traders. The recent rise in whale activity could signal an upcoming price increase. However, if the current uptrend reverses, key support levels at $1.12 and $0.98 should be monitored.

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