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FTM Rises By Double Digits Following Surge In Trade Activity

FTM Rises By Double Digits Following Surge In Trade Activity Altcoin News
  • The price of the Fantom (FTM) has seen a decent gain in the last 24 hours.
  • FTM is one of the few crypto projects on CoinMarketCap’s list that have seen a double digit price gain in the last 24 hours.
  • TA suggests that the current bull move is not done yet.

The price of the Fantom (FTM) has seen a decent gain in the last 24 hours. This is according to the crypto market tracker, CoinMarketCap.

FTM is one of the few crypto projects on CoinMarketCap’s list that have seen a double digit price gain in the last 24 hours as its price has risen around 18.67% at the time of writing. The price of FTM now stands at $0.4371. FTM has also gained in price over the last 7 days by 20.54%.

FTM’s price has also strengthened against Bitcoin (BTC) and Ethereum (ETH) by around 18.87% and 19.20% respectively at the time of writing. Currently, FTM is worth approximately  0.00001489 BTC and 0.0002219 ETH.    

Ranked number 52 on CoinMarketCap’s list of the largest cryptocurrency projects by market cap, FTM’s market cap currently stands at $1,107,011,025. The daily trading volume of FTM is up as well by 90.75%, with its 24 hour trading volume summing up to $792,249,211.

FTM USDT
Bullish momentum may continue for FTM Source:TradingView

Looking at the 3 hour chart for FTM/USDT, FTM’s upward momentum may just be getting started as the 20 EMA comfortably crosses above the 50 EMA. Furthermore, the RSI line is breaking away from the RSI SMA line, also known as the RSI signal line.

Given the position of the 20 EMA to the 50 EMA and the RSI to the RSI SMA line, it’s fair to say that the recent move by FTM may still have some steam left to rise even more.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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Steven is passionate about all things cryptocurrency and blockchain ever since he first mined Bitcoin in 2014. He covers all updates, movements, and events relating to the top cryptocurrencies.