Why Fantom [FTM] Deserves a Spot on Your Watchlist

Why Fantom ‌(FTM) Deserves a Spot on Your Watchlist

Fantom’s price could surge 234% on the back‍ of a⁢ hidden uptrend

Javon Marks ​believes FTM could‌ reach a ‌price‍ of $3 and spark a significant rally. Fantom [FTM] FTM has⁢ seen modest gains this year compared to the other major altcoins. FTM is only⁤ up ⁣40% this year,​ while altcoins⁣ like Solana and Toncoin have gained ‌over 100%.

FTM‌ is currently under downward pressure, ⁣falling 5.7% to $0.3393‍ in the last day. The ‍asset ‍has performed well over ⁤the past week, gaining ⁢over 15%. It briefly hit $0.36 on August 11.

A 234% ‍rally​ is imminent

Javon Marks is an analyst in ‌the crypto community ⁤who ‌has highlighted a ‍positive scenario for FTM.

Marks says that Fantom’s charts ⁢are showing signs of a hidden bullish divergence, ⁢a technical⁤ indicator often associated with potential upward price movements.

This pattern ​is ​a good example.
You can also see
The underlying ​momentum may‌ be accelerating despite recent price declines.

The hidden bullish divergence is when the‌ oscillator is making a lower ⁣low‌ and ⁣the price is making a higher ⁣one. This difference ​between price and momentum can indicate an⁤ uptrend ⁣that ⁣can lead to price increases.

Marks believes this ‌setup ‌can boost FTM by as ‌much as 234%. This rally could‍ not⁣ only​ reverse⁣ recent losses but also push the⁣ cryptocurrency to new highs, potentially reaching the $3 mark.

Fantom’s recent price activity, which has shown volatility and…

Fundamental Outlook for ‌Fantom (FTM)

FTM’s fundamentals are also important to consider.
Number of Large Transactions
Whale Transactions
This week, the number of significant transactions⁢ has ​dropped⁤ from 20 to…