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Will Fantom’s $961K Liquidation Pool Trigger a Trend Reversal for FTM’s Price?
Fantom (FTM) has been trading within a demand zone, which could lead to potential upward momentum. However, the $0.88 price level is crucial in determining the direction of this trend. A close above this point may give way to increased buying pressure and drive the altcoin higher.
The recent decline in exchange outflows suggests that investors are hesitant about FTM’s short-term prospects, leading to indecision in the market. As a result, it seems that investors may be waiting for clearer signals before making their next move.
Source: ambcrypto.com
