The famous crypto analyst World of Charts has caused a stir in the cryptocurrency community with his recent insights, which he shared on X platform. According to his analysis, Fantom (FTM) is catching a significant bounce due to strong trading volume and this indicates that there will be a good midterm rally.
The analyst stressed that FTM has demonstrated great resilience and it rebounded impressively from its accumulation zone. This is a very important thing to traders and investors as it tells that the digital asset may have an upward momentum.
FTM Gears Up For Major Rally
The recent market movement shows that Fantom is not only keeping its stability but also getting ready for a big up in value. The prophecy of the World of Charts about a possible rally to the $4-$5 range has created a lively discussion between market participants, who now see Fantom as an attractive investment.
Source: Chart by World of Charts
The analyst’s positive attitude is based on FTM’s technical indicators and market trends. On seeing that, he said that the strong volume with FTM’s bounce is very important as it shows the increased interest and confidence of investors. The increase in the volume of trading is usually a sign that there will be some big price movement, which makes it an important indicator for traders to watch.
Fantom is trading at $0.8209, with a 23.98% price gain in the last 24 hours. Also, the token has increased by 22.41% increase in value over the last seven days. The amazing price rise is backed by the strong 24-hour trading volume of $517,533,446. 86. This major trading activity proves the increase of investor interest and market confidence in FTM, which is due to its strong performance and prospect for further growth.
The analyst observations of FTM are showing a bright future for the cryptocurrency. His forecast of a midterm rally that will lead to the $4-$5 range, which is based on strong volume and market trends, has made the crypto community pay attention. FTM is getting stronger and the traders and investors are ready to make money from its upward movement.