Fantom: Here’s how FTM surged 20% in two days
The post Fantom: Here’s how FTM surged 20% in two days appeared on BitcoinEthereumNews.com.
FTM was accumulating a bullish momentum, with its prices having surged by over 20% in less than 48 hours. The altcoin whale activity and MVRV ratio pointed to a further potential rally soon. Fantom’s [FTM] price has witnessed a significant bullish momentum since clearing the critical Fair Value Gap around $0.435. Since its reversal from the key price level that may act as a launchpad for a new bull run, the altcoin is accumulating a bullish momentum, as evidenced by the recent 20% rally over the past 48 hours. Source: TradingView Whales make big moves Interestingly, FTM’s on-chain data reveals a significant spike in whale activity. According to IntoTheBlock data, large transactions have surged by 194% in the last 24 hours. This indicates that major investors are accumulating Fantom at prevailing discounted price levels. Historically, surging FTM whale actions have preceded big price movements. If this trend continues, FTM could maintain its bullish momentum. Source: IntoTheBlock Fantom MVRV ratio leans bullish According to Santiment data, FTM’s MVRV ratio currently lies at -100%. A negative MVRV ratio typically indicates that the asset is undervalued. When MVRV remains negative, it suggests many FTM investors are holding at a loss. This could precede Fantom’s price recovery, as market participants look to buy at discounted levels to target higher resistance zones. Source: Santiment Is FTM poised for a further bullish run? FTM has shown impressive strength after clearing a key Fair Value Gap. With increased whale accumulation and a favorable MVRV ratio, Fantom seems to be in a strong recovery phase from its recent massive dips. Read Fantom’s [FTM] Price Prediction 2025-26 The recent bullish momentum indicates that buyers are stepping in to drive prices higher. If the bullish sentiment prevails, FTM might reach higher resistance levels in the coming days. Previous: Bitcoin Futures…
Filed under: News - @ February 1, 2025 6:17 am