- The Fantom price has surged by 180% in the last 2 months.
- The trading volume of Fantom crypto has increased by 58% in the last 24 hours.
The FTM crypto price has struggled below the $0.500 level for the past few years. The price tried to sustain the $0.500 mark, but sellers were strong enough to drag down the price. The Fantom (FTM) price triggered a breakout from the $0.500 hurdle and witnessed intense buying pressure at the beginning of March.
Fantom crypto price has been on a bullish trend and has skyrocketed by 180% in the last 2 months. It is showing bearishness and dropped by 20%, taking support on the 20-day exponential moving average. The FTM price has recently tried to sustain the $1.20 mark twice, but sellers dominated.
Fantom crypto price is trading at $0.945, which has dropped by 5.84% in the last 24 hours. The market capitalization is $2.68 billion, and the fully diluted market cap is $2.99 billion. The circulating supply of Fantom crypto coins is 2,803,634,836 FTM, and the total supply is 3,175,000,000 FTM.
Whales’ Holdings
According to the given data, the whales’ holdings have remained constant for a year. The whales have captured 77.40%, and others have 22.60% of the market. The whales hold $1.64 billion, investors hold $214.43 million, and retailers hold $285.64 million.
FTM Crypto Volume vs Price Analysis
At the beginning of March, the trading volume jumped by approximately 800% in a few weeks, which strongly impacted the FTM price. The trading volume has dropped from $1.18 billion to $266 million in the last 10 days, and the price has declined by 25%. If the trading volume keeps falling, it may lead to a bearish trend for the next few weeks.
Fantom Crypto Social Dominance and Social Volume
According to the graph, social dominance and social volume have decreased over the last few days, and the Fantom price has also reacted negatively. Suppose the awareness about Fantom crypto increases on social media like X, Instagram, and Telegram; it may affect the price positively.
FTM Crypto Price Has Been in a Bullish Trend: Will It Record a 52-Week High?
According to the technical chart, the Fantom crypto price has been bullish and reached a 52-week high. For the last few days, the FTM crypto price has performed negatively and is currently taking support on the 20-day exponential moving average.
Suppose the trading volume increases and the buyers lift the price to the last swing high; this fall can be converted to a pullback. If the price triggers a pullback and the chart structure attracts investors, the bullish trend may continue for much longer.
On the other hand, if the Fantom price slips below the 20-day EMA and sustains, the sellers may soon drag the price to the $0.800 level. If the price starts trading below the $0.800 hurdle, it may melt to the 200-day exponential moving average.
The Fantom crypto price trades over the 200-day exponential moving average, indicating buyers’ grip. RSI is at 52, which is continuously declining from the overbought zone.
Conclusion
The FTM crypto price chart displays the buying momentum in the short term but has been in a negative trend in the broader time frame. If the price surpasses the last swing high, it may follow the bullish trend for a longer period. Sellers may dominate further if the Fantom crypto price slips below the 20-day EMA.
Technical Levels
Resistance: $1.00 & $1.15
Support: $0.78 & $0.55
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions