Fantom (FTM) has shown resilience and solidified its position as a top player in the industry, despite the downturn caused by Bitcoin’s (BTC) recent drop below the $61,000 threshold.
Over the past 24 hours, FTM has reached a 12-year high of $1.08, marking a 120% surge within a month.
Currently trading at $0.9386, FTM has seen an impressive 11% surge, with a trading volume of $1 billion and a market capitalization of $2 billion.
However, expert traders warns users as the daily RSI stands at 64, signaling an overbought situation. On the other hand, analysts predict that if bullish momentum persists, FTM could climb to $1.13, but a bearish takeover might see it drop to $0.738.
The significant increase in open interest since late January is another indicator of Fantom’s strength.
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