Fantom (FTM) is experiencing a recovery after a period of losses that led to investors selling their holdings. The recent surge in FTM supply on exchanges and concerns over the altcoin's upward momentum have caused worries among investors, leading to selling pressure. However, the recent price surge and a slowdown in selling activity may support Fantom's recovery. The altcoin has risen by 23.88% in the past 24 hours and is aiming to maintain its bullish momentum above the $0.83 resistance level. If FTM can sustain this rise, it could recover its losses from December and regain investor confidence. However, if it fails to hold above $0.83, there is a risk of a retracement and deeper decline. Sustained momentum is crucial for avoiding further setbacks.



Other News from Today