- FTM Token price has grown up to 17% in the past week with multiple bullish candlesticks.
- The trading volume has risen by 15% in the past day as it stands at $850 Million.
- The pair of FTM/BTC is trading at 0.00004573 BTC with an intraday move of +0.25%
FTM Token price action makes multiple bullish engulfing candlesticks in the daily chart. Moreover, the boom in intraday trading volume showcases the flood of buyers interested in the Token. Hence, the underlying bullishness is extremely strong.
Pivot point analysis has shown that the resistance levels of the Token are at $3, following $3.5. However, if the price drops below $2.75, sellers could face resistance at $2.60 and $2.00.
FTM Token trades for $2.89 and has experienced a 4.92% rise in market capitalization within 24 hours. In addition, the intraday trading volume increased by 15% over the last day.
FTM Token in the 4-Hour Chart.
The daily chart’s one token price action rises higher under the influence of a bullish curve. However, the price action also forms a resistance trendline in action.
Investors can soon see the price rise higher to $3.5 if the uptrend sustains the volume growth. Traders can find entry opportunities at the 20-period dips in the 4-hours chart.
The RSI indicator teases the rise in underlying bullishness as the slope trends higher towards the overbought territory in the daily frame.
The MACD indicator displays the MACD and signal line climbing higher in the positive zone in the daily chart. Moreover, the bullish alignment of the sequences generates a buy signal.
Conclusion: FTM Token price indicates a boom in underlying bullishness with the recent bullish engulfing candlestick. Hence, investors can expect the token price to touch the $3.5 mark shortly if the trading volume sustains.
Support – $2.6 or $2
Resistance – $3 and $3.5