Fantom [FTM]: Unravelling the effects of 24-hour gains on its future trajectory

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Fantom reclaimed critical support levels over the past 24 hours and exhibited a bullish inclination FTM’s funding rates marked an improvement while they stood positive on most exchanges Over the last few days, Fantom’s [FTM] […]

The findings of the following analysis are the sole opinions of the writer and should not be considered investment adviceFTM’s funding rates marked an improvement while they stood positive on most exchangesretail investors have resurged their interest while the overall sentiment improved. The recently-elevated buying pressure helped the altcoin reclaim the $0.25-support.This upswing aided the token in finding a close above the 20/50/200 EMA.

The recent rally propelled the EMAs to look north after a golden cross with the 200 EMA. This crossover opened a path for a long-term bullish perspective.

 

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