Summary
TLDR: Fantom (FTM) price may validate a bullish pattern soon with support from whales. If FTM reclaims $1 as support, it could potentially push through resistance at $1.0. Whale accumulation could lead to a price increase. RSI is in the bullish zone, suggesting FTM has potential to push higher. Crossing $1 is key for FTM to reach target price of $1.61. If FTM fails to breach $1, it may test support zone again, potentially falling to $0.80.
Key Points
1. Fantom (FTM) price is potentially preparing to validate a bullish pattern, supported by whale accumulation and the potential reclamation of $1 as support.
2. Whale addresses holding significant amounts of FTM have been accumulating heavily, indicating a positive outlook for FTM price if this accumulation trend continues.
3. The Relative Strength Index (RSI) for Fantom’s native token on the daily chart suggests bullish momentum, with potential for FTM to push higher if it crosses the key level of $1.00.