Market Analysis and Future Predictions of Fantom (FTM) Coin

Especially altcoins have experienced significant losses in the cryptocurrency markets in recent days, while Bitcoin (BTC) is trading at $62,000. During this time, some altcoins are able to show positive performance against market conditions. In particular, the Fantom (FTM) coin is giving two important signals for a potential rise. Key Indicators and Market Movements Altcoin prices are generally shaped by investors’ tendencies and market sentiment. The current losses of BTC are increasing selling pressure in the altcoin market. The Fantom (FTM) coin has been relatively less affected by this downturn in the market, and on-chain indicators predict that the price may rise soon. The strongest of these indicators is the DAA Divergence. This metric analyzes the relationship between the number of active addresses and the current price. If the number of active addresses increases while the price is falling, this is considered a sign that a rising trend is approaching. […]

Market Analysis and Future Predictions of Fantom (FTM) Coin

Especially altcoins have experienced significant losses in the cryptocurrency markets in recent days, while Bitcoin (BTC) is trading at $62,000. During this time, some altcoins are able to show positive performance against market conditions. In particular, the Fantom (FTM) coin is giving two important signals for a potential rise.

Key Indicators and Market Movements

Altcoin prices are generally shaped by investors’ tendencies and market sentiment. The current losses of BTC are increasing selling pressure in the altcoin market. The Fantom (FTM) coin has been relatively less affected by this downturn in the market, and on-chain indicators predict that the price may rise soon. The strongest of these indicators is the DAA Divergence.

This metric analyzes the relationship between the number of active addresses and the current price. If the number of active addresses increases while the price is falling, this is considered a sign that a rising trend is approaching.

FTM Coin Predictions and Possible Scenarios

The current data for FTM Coin shows that the 30-day MVRV is at a critical low point compared to historical levels. This data predicts that the price of FTM Coin may rise soon. If buyers play an active role in the market, FTM can test significant resistance levels and attempt to surpass the $1 level. However, if demand remains weak and BTC continues to decline, it is possible for FTM to fall to lower support levels.

Useful Information

FTM Coin has the potential to show stable performance despite the overall market downturn.
30-day MVRV data shows the maturation of a buying time for FTM Coin.
Buying at low prices can provide investors with an advantage in a possible market recovery.

In conclusion, Fantom (FTM) Coin is considered to have the potential for a positive rise even in the current market conditions, and investors are advised to closely monitor these developments.

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