- FTM Token price has increased more than 30% in the past week.
- The price action breaks above the bullish rounding bottom pattern in the 4-hour chart.
- The pair of FTM/BTC is trading at 0.00003544 BTC with an intraday gain of +34.15%.
FTM coin price action forms continuous bullish engulfing candlesticks in the daily technical chart, indicating increased buying pressure. Furtherrmore, the price shows bullish brekaout above the rounding bottom pattern in the 4-hour chart.
The intraday volume is above the 20-days volume MA representing that the buying pressure is increasing. In Addition, the daily EMAs rise higher in a bullish alignment, projecting a bullish rally.
The FTM Token price trades at $1.90, increasing +31.45% in market capitalization over the past day, suggesting that the price is in a bull run.
FANTOM’s intraday trading volume has risen by 350% due to the increasing buying pressure.
FTM Token In The 4-hour Chart
FTM token price shows higher price rejection as it struggles to rise above the $2.0 mark. However, investors may find the breakout of this level as a lucrative entry spot with minimum risk and maximum reward.
As per price action, the resistance levels for the token are residing at $2.4 and $2.8 marks. In the case of a bearish reversal from any support level, bulls may find resistance at $1.80 or $1.50.
The EMAs in the 4-hour technical chart climb higher in a bullish formation with a positive slope that may support the prices in a bearish attack.
The RSI indicator anticipates a flood in underlying bullish biases as to the slope of RSI spikes higher.
The supertrend indicator projects a strong bullish trend in action in the daily chart.
The ADX indicator proposes a rise in trend momentum.
Conclusion – The FTM token price soars above with the aid of the bullish exponential moving averages. Investors may encounter entry points upon the breakout of the $2 mark.
Support – $1.80 and $1.50
Resistance – $2.40 and $2.80