- FTM bulls are in control of the price momentum, bears might give up.
- The long-term scene remains bullish after major indicators suggest bulls are controlling the steering.
- FTM/BTC is trading at 0.00002902 BTC with an intraday change of -1.43% while FTM/ETH is trading at 0.0004198 ETH with an intraday change of -1.98%.
FTM price is currently trading above all the significant moving averages of 50, 100 and 200. The price has been trading above all the mentioned moving averages for a good one and half months now. This is an indication of bulls being in power. If the price manages to stay above all the moving averages, we might see the price of FTM surge in the coming days.
The Relative Strength Index (RSI) is seen bouncing from the normal zone. This is also a positive momentum in favour of the bulls. The RSI line is expected to go up thereby bringing more buying interest. We might see the RSI line approach towards the overbought area driving the price of FTM up.
The Moving Average Convergence Divergence (MACD) is also referring to a bullish sentiment. The MACD line and the Signal line are both above the Zero line. The MACD line is expected to cross the Signal line from below creating more buying interest which might take the price of FTM up. The histogram is also expected to create green bars soon.
The Fibonacci indicator is suggesting immediate support at the $1.3514 price level. $1.1716 and $0.9918 will also remain crucial support for FTM. The resistance levels indicated by Fibonacci are $1.6075 and 1.9336.
NOTE: The moving averages of 50, 100, and 200 are in color Yellow, White, and Red.
The MACD line is colored Blue and the Signal line is colored Red.
The important support and resistance levels to keep an eye on are:
SUPPORT: $1.3514, $1.1716 and $0.9918
RESISTANCE: $1.6075 and 1.9336.
TAKEAWAY: We might see an FTM surge in the near future. The technicals mentioned above are in absolute favor of the bulls. This whole scenario is expected to drive in more buyers and we might see FTM click another ATH in the days to come.