Fantom Hits $1.08: What Does a 63% Rally and 18-Month Activity Spike Mean?
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- FTM surges 63%, with the highest activity in 18 months, testing key resistance at $1.22.
- Bullish momentum continues as FTM turns $1.02 into critical support.
- A breakout above $1.22 could lead to $1.49, while failure risks a retrace to $0.86.
Fantom (FTM) has rallied, gaining 63% over the past six days to reach $1.08 at the time of writing. This bullish momentum coincides with a spike in daily active addresses on the network, reaching its highest level in almost 18 months.
According to Santiment’s data, Fantom recorded 2,132 unique daily active addresses making transfers on November 24–25. This surge surpasses previous activity peaks, such as the 1,489 addresses logged on December 22–23, 2023, and the 2,040 addresses noted on March 19–20, 2024.
— Santiment (@santimentfeed) November 27, 2024
Fantom has been on an impressive tear, pumping +63% in the past 6 days. A familiar surge in daily active addresses has formed on the network, as FOMO appears to be peaking. Historically, these utility spikes from new traders leads to tops. When active addresses fall, a solid… pic.twitter.com/jGrpfZqTt3
Historically, such activity has signaled near-term pri…
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