Fantom (FTM) Poised For 50% Rally, Here’s Why
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Fantom's Price Action: The native token FTM has formed a bullish price action pattern, showing signs of recovery after a 56% decline, with crucial support at the $0.60 level and potential to rise to $1.05 if this support holds.
Trader Sentiment: A strong bullish sentiment is evident among traders, with 73.7% holding long positions, as indicated by the Long/Short ratio of 2.80, suggesting increased participation and confidence in FTM's upward momentum.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
