The price of Fantom (FTM) shows strength and could be set for a major run against Tether (USDT) with eyes set on $0.7.
Bitcoin’s (BTC) price saw a bounce from $23,000 to $24,800 as the favorable news from the consumer price Index (CPI) saw a good response across the boards in the crypto market. As a consequence, the price of Fantom was able to try and break out of its range.
The consumer price Index provides a gauge with regard to inflation in the economy while instigating BTC prices and other altcoins. (Data feeds from Binance)Price Analysis Of FTM On The Weekly Chart Weekly FTM Price Chart | Source: FTMUSDT On Tradingview.com
From the chart, the price of FTM saw a weekly low of around $0.2, which bounced from that area and rallied to a price of $0.4.
The price has built more …