FTM coin price shows the overnight bullish growth struggling to rise above the 200-day EMA. However, the increased buying pressure aims to reach $2. 

The FTM buyers stepped in at $1.30, resulting in a lower price rejection of 13% and a bullish continuation with an engulfing candle of 15%. However, the sudden rise of uptrend struggles to rise above the resistance confluence of $1.85 and the 200-day EMA. Will the increased trend momentum overcome sellers to reach the $2 mark?
<h2>Key technical points:</h2>
<ul>
 	<li>FTM price shows an overnight growth of 15%</li>
 	<li>The bullish growth tests the 200-day EMA</li>
 	<li>The 24-hour trading volume in the Fantom token is $1.33 Billion, indicating a 12% fall. </li>
</ul>
<h2>Past Performance of FTM</h2>
On 20th February, the FTM coin price fell 7.58% as it broke below the 200-day EMA and $1.85. The downtrend continued to reach the $1.30 mark, but the sudden jump in underlying bullishness resulted in a long tail formation. Moreover, the bullish rally continues to jump 15% in a day, creating a bullish engulfing candlestick. 

<img src="https://s3.tradingview.com/snapshots/k/K2CeExkh.png" alt="TradingView Chart" />

Source-<a class="editor-rtfLink" href="https://www.tradingview.com/x/K2CeExkh/" target="_blank" rel="noopener">Tradingview</a>
<h2>FTM Technical Analysis </h2>
The FTM coin price struggles to rise above $1.85 and shows higher price rejection, with the daily candle showing a 1.62% fall with 17 hours left on the clock. However, a bullish continuation is possible as the hours go by due to the increased buying pressure. 

The FTM price retraces higher to test the 200-day EMA but struggles to rise above it as the sellers resurface. On the other hand, the 50 and 100-day EMA give a bearish crossover indicating a surge in bearish attention.

The Stochastic RSI indicator shows the K and D lines enter the neutral territory after attaining the bullish alignment in the oversold territory. Thus, the lines indicate the start of a bull cycle. 

The RSI Indicator slope spikes higher after hovering above the oversold zone and crosses above the 14-day SMA. However, the rejection shows the slope retracing and struggling to reach the halfway mark.

In a nutshell, the FTM technical analysis shows a sudden surge in bullish powers but struggles to outperform formidable sellers at $1.85. 
<h2>Upcoming Trend</h2>
The upcoming trend anticipates an upside continuation after the bullish engulfing candlestick. However, the selling pressure at $1.85 is hard to surpass. Hence, traders need to wait till the prices reach the 200-day EMA before taking a bullish entry. 

Support Levels: $1.30 and $1.25

Resistance Levels: $1.85 and $2

FTM Technical Analysis: FTM Sellers At $1.85 Struggle To Avoid Breakout

FTM coin price shows the overnight bullish growth struggling to rise above the 200-day EMA. However, the increased buying pressure aims to reach $2.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

FTM Technical Analysis: FTM Sellers At $1.85 Struggle To Avoid Breakout

Top Picks