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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ftm-coin-surges-as-market-sees-positive-start-to-the-week" rel="noopener noreferrer nofollow">FTM Coin Surges as Market Sees Positive Start to the Week</a><br></p>
<p style="text-align: justify">The <a href="https://en.bitcoinhaber.net/crypto-market-turmoil-understanding-the-plunge" rel="noopener noreferrer nofollow">cryptocurrency</a> market witnessed a strong start to the week, with <a href="https://en.bitcoinhaber.net/blackrocks-impact-on-bitcoins-future" rel="noopener noreferrer nofollow">Bitcoin</a> maintaining a position above $70,000 and a majority of altcoins reflecting a positive trend. Investor sentiment appeared to be recovering from last week’s downturn, and the market was hopeful for sustained capital inflows.</p>
<h2 id="investors-show-strong-appetite-for-ftm-coin">Investors Show Strong Appetite for FTM Coin</h2>
<p style="text-align: justify">Investor interest in FTM Coin remains high, as evidenced by its robust Relative Strength Index (RSI) of 77, signaling widespread buying and a possible overbought state. Such levels typically precede a price correction, yet in a bullish climate with a high-risk appetite, the RSI can maintain its peak. A minor retreat in RSI has done little to dampen enthusiasm, and if it stays above 70 while Bitcoin holds its ground, FTM Coin could see a new surge.</p>
<p style="text-align: justify">In the investor landscape, there’s a noticeable growth among those who have engaged in FTM Coin for less than a month. This group’s holdings soared by 232 percent in 30 days, reflecting the sustained interest from newcomers. Amidst this influx of investment, FTM Coin’s price experienced significant volatility, with a sharp rise followed by a dip, as short-term profit taking came into play.</p>
<h2 id="technical-analysis-suggests-continued-uptrend">Technical Analysis Suggests Continued Uptrend</h2>
<p style="text-align: justify">The <a href="https://en.bitcoinhaber.net/market-awaits-pce-data-and-feds-stance-amidst-crypto-volatility" rel="noopener noreferrer nofollow">technical analysis</a> on the four-hour chart presents a bullish scenario for FTM Coin. The crossover of short-term Exponential Moving Averages (EMAs) above the longer-term ones supports the momentum, with continued price support above the 20 EMA reinforcing the uptrend narrative.</p>
<p style="text-align: justify">The potential for FTM Coin’s growth is rooted in its ability to breach key resistance levels. The initial target lies at $1.22, followed by a possible test of the $1.5 peak from two years ago, barring any large-scale sell-offs from medium-term investors, which could adjust the target to the $0.7 to $0.6 range.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/ftm-coin-surges-as-market-sees-positive-start-to-the-week" rel="noopener noreferrer nofollow">FTM Coin Surges as Market Sees Positive Start to the Week</a></h5>

FTM Coin Surges as Market Sees Positive Start to the Week

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