Fantom (FTM) continues to face resistance as its price struggles to break through. However, the addition of more whale addresses to the network could potentially change this situation in the near future. Currently trading at $0.76, FTM is once again attempting to breach the resistance block at $0.79 to $0.88. If successful, this could result in over $82 million worth of FTM becoming profitable once again. The recent increase in large holder addresses on the network also indicates growing chances of a recovery for the altcoin. If the indicators continue to favor FTM, not only could the resistance block be breached, but it could also become a support level. This would open up the possibility of FTM reaching $1.00 once again. However, if the price fails to break through and falls back to $0.63, the bullish thesis would be invalidated, causing potential loss of profitability for the supply.
Latest
Fantom (FTM) Held at Resistance: Can Accumulating Holders Break Through?
