Cryptocurrency

Future

Bitcoin

April

Fantom

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/cryptocurrency-market-starts-july-on-a-high" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency Market Starts July on a High</a><br></p>
<p style="text-align: justify">The cryptocurrency <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market</a>, which has been in a sluggish phase for several weeks, showed signs of recovery at the start of July. <a href="https://en.bitcoinhaber.net/sec-approves-11-spot-bitcoin-etfs-amid-market-movements" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) is currently valued at $63,000. Altcoins have also experienced a resurgence, with many nearing their resistance levels. Among them, Fantom (FTM) Coin has demonstrated a notable increase.</p>
<h2 id="what-is-driving-ftm-s-recent-surge">What is Driving FTM’s Recent Surge?</h2>
<p style="text-align: justify">Over the past 24 hours, the price of FTM Coin has climbed significantly, reflecting a broader upward trend among altcoins. The market received a boost from <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">recent developments</a> involving Circle and Coinbase, particularly after the US markets opened. Currently, Fantom (FTM) is priced at $0.59, with trading volume spiking by 82% to $116 million, suggesting sustained positive momentum.</p>
<p style="text-align: justify">Analyzing the ratio of daily trading volume to profit and loss, the figure has peaked at 4.29, its highest since April 8. This indicates a significant number of transactions resulted in profit, a bullish sign for potential continued gains.</p>
<h2 id="which-trends-indicate-ftm-s-future-movements">Which Trends Indicate FTM’s Future Movements?</h2>
<p style="text-align: justify">Examining the daily price movements, FTM Coin appears poised to continue its upward trajectory. The MACD has been recovering since June 24, signaling a positive trend reversal. Increased buyer interest preceding BTC’s movement could further support this growth. An intersection of the MACD line with the rising trend line could signal a stable price increase.</p>
<p style="text-align: justify">If FTM’s buying pressure remains strong and profit-taking is minimal, higher price peaks are possible, especially if BTC stays above $62,500.</p>
<p style="text-align: justify"><strong>Key Inferences</strong></p>
<ul>
 <li>Current FTM price: $0.59 with an 82% increase in trading volume.</li>
 <li>MACD signals a potential trend reversal since June 24.</li>
 <li>Key resistance levels: $0.624, $0.637; potential target: $0.85, $0.96, $1.04, $1.16.</li>
 <li>Support levels in case of decline: $0.53, $0.51, $0.42.</li>
</ul>
<p style="text-align: justify">In the event of a downturn, FTM could retreat to the $0.53 support level. However, the price is approaching the $0.624 resistance, and surpassing this could lead to new highs targeting $0.85. Beyond this, targets include $0.96, $1.04, and $1.16.</p>
<p style="text-align: justify">It is essential to recognize that, like all other aspects of the crypto market, future price movements are unpredictable.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/cryptocurrency-market-starts-july-on-a-high" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency Market Starts July on a High</a></h5>

Cryptocurrency Market Starts July on a High

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