Summary
TLDR: The supply of FTM on exchanges is decreasing, potentially leading to a bullish scenario for FTM price. Around 43% of investors are holding onto their investments despite not making a profit, anticipating a market recovery. Historical data shows that when a significant number of FTM holders are at a loss, the token experiences price surges. The IOMAP analysis indicates strong support for FTM price, but breaking through resistance points could lead to further price increases. Always do your own research before making financial decisions.
Key Points
1. The decrease in the available supply of FTM on exchanges signals a lower quantity of tokens available for trading, potentially leading to upward pressure on prices.
2. Approximately 43% of FTM investors are holding onto their investments despite not having achieved a profit, which could contribute to decreased selling pressure and support ongoing upward price movement.
3. The In/Out of the Money Around Price (IOMAP) analysis for FTM indicates that most holders find themselves in a favorable financial position, potentially stabilizing the price and acting as a foundational support for FTM price.