Fantom Network Expansion: Is FTM's Price Rally on the Horizon?

Although technical indications show contradictory signals, Fantom's increased activity generates optimism for a revival.

Despite its current slump, Fantom [FTM], trading at $0.7934 at press time and had dropped 2.16% in the previous 24 hours, remained popular.

Recent network data indicated increasing activity, raising the possibility of a price reversal.

Can FTM Break Out of Its Current Price Range?

FTM's price continued in a tight range, with significant support at $0.7316 and resistance at $0.9671. A break above this resistance might boost the price to $1.08, a psychologically important level.

However, failure to maintain the current support could result in more losses. The falling triangle pattern displayed on the charts signals that a significant price move is approaching.

As a result, the subsequent few trading sessions could determine FTM's short-term direction.

Is Network Activity Signaling a Bullish Future for FTM?

At press time, Fantom's blockchain activity had increased by 38.46% in new addresses, 23.52% in active addresses, and 63.51% in zero balance addresses over the previous week.

This gain represented increased interest and participation in the ecosystem, which may boost FTM's long-term worth.

However, while these data appeared optimistic, a steady increase will be required to maintain positive momentum. As a result, network activity continues to be an essential metric to monitor.

MVRV Ratio Indicates Potential Undervaluation of FTM

At press time, Fantom's blockchain activity had increased by 38.46% in new addresses, 23.52% in active addresses, and 63.51% in zero balance addresses over the previous week.

This gain represented increased interest and participation in the ecosystem, which may boost FTM's long-term worth.

However, while these data appeared optimistic, a steady increase will be required to maintain positive momentum. As a result, network activity continues to be an essential metric to monitor.

Are Technical Indicators Signaling a Reversal for FTM?

The Relative Strength Index (RSI) was 50.37 at press time, indicating neutral momentum with a bit of tilt toward a bullish rebound.

Meanwhile, the moving average cross indicated possible volatility as the short-term average neared the long-term average.

As a result, these signs point to a potential turning point in FTM's price, making the following days critical for traders.

Liquidations suggest traders remain optimistic.

The liquidation trends indicate $23.06K in shorts and $98.22K in longs, indicating bullish enthusiasm despite recent drops. This imbalance suggests that many traders are preparing for an upward price rise.

However, external market variables could still impact FTM's success. As a result, liquidation data should be studied with other measures to provide a more complete picture.