price jumped by 6.31% over the past 24 hours to trade at $0.6786 at press time. It boasted a $1.90 billion market cap, alongside a 24-hour volume surge of 68.26%, hitting $142.91M.
Additionally, breaking above the $0.7955 resistance would reinforce bullish sentiment, possibly pushing the price towards the next level at $0.9330.At press time, the Bollinger Bands seemed to be widening, indicating a surge in volatility as FTM approached the upper band. Such an expansion generally signifies that buyers are dominating the trend. Consequently, if the price continues hugging the upper band, it alludes to a potential breakout to new highs.
Additionally, fewer active addresses may weaken FTM’s foundation in the event of greater selling pressure. This might also urge traders to watch for a potential pullback, if address activity fails to rebound.Fantom’s on-chain data presented mixed signals. Net Network Growth stood at a modest 0.16%, indicating gradual adoption. Meanwhile, the concentration of large holders rose by 0.04%, showing that major investors are not offloading positions – Typically a bullish indicator.