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Homeweb3.0Fantom (FTM) Price Prediction: FTM Poised for a 15% Rally After Breaking Above Falling Wedge Pattern

Fantom (FTM) Price Prediction: FTM Poised for a 15% Rally After Breaking Above Falling Wedge Pattern

Aug 17, 2024 am 12:06 AM
Price Prediction Bitcoin CryptoCryptocurrencies Fantom European Wrap

Fantom price encounters the upper trendline of a falling wedge pattern in the European trading session and trades lower below $0.380 on Friday.

Fantom (FTM) Price Prediction: FTM Poised for a 15% Rally After Breaking Above Falling Wedge Pattern

Fantom price encounters the upper trendline of a falling wedge pattern in the European trading session and trades lower below $0.380 on Friday. On-chain data shows that FTM's Total Value Locked and Open Interest are rising, suggesting growing activity and interest within the FTM ecosystem, which indicates a bullish move on the horizon.

The risk-on mood returned to markets this week, Marathon Digital added 4,141 BTC to its holdings, and the US SEC approved a MicroStrategy leveraged ETF. Top 5 cryptos by positive sentiment: Chiliz, Ethereum, BNB, NOT & TON

Chiliz, Ethereum, Binance Coin, Notcoin, and Toncoin are the five cryptocurrencies with the most positive sentiment among crypto traders, according to data from Oriole Insights.

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