Fantom (FTM) Price Prediction: Network Activity Hints at a Bullish Future

Despite a 2.16% decrease in the past 24 hours, placing it at $0.7934 at press time, Fantom [FTM] continued to pique interest with its upcoming price moves. Recent network data showed a surge in activity, begging the question: Could this be the start of a price reversal?

Can FTM break out of its current range?

FTM’s price remained within a tight range, with critical support at $0.7316 and resistance at $0.9671. A breakout above this resistance could push the price toward $1.08, a level with significant psychological importance.

However, failure to hold the current support could lead to further losses. The descending triangle pattern visible on the charts suggests a major price move may be imminent.

Therefore, the next few trading sessions could determine FTM’s short-term trajectory.

FTM’s price remained within a tight range. Will it break out soon? / Source: FTM/USDT on TradingView

Is network activity hinting at a bullish future?

At press time, Fantom’s blockchain activity surged, with new addresses rising by 38.46%, active addresses increasing by 23.52%, and zero balance addresses growing by 63.51% in the past week.

This increase reflected growing interest and participation in the ecosystem, which could bolster FTM’s long-term value.

However, while these numbers looked promising, consistent growth will be essential to sustaining bullish momentum. Therefore, network activity remains a key indicator to watch.

Fantom’s blockchain activity saw a surge / Source: IntoTheBlock

MVRV ratio signals potential undervaluation

The Market Value to Realized Value (MVRV) ratio has dropped to 17.39%, highlighting reduced profitability for FTM holders.

Historically, such declines have preceded significant price moves, as they often signal undervaluation.

This could attract buyers looking to capitalize on discounted prices. However, persistent selling pressure could also push prices lower. Traders should monitor sentiment closely to gauge the market’s next move.

FTM’s MVRV ratio showed potential undervaluation / Source: Santiment

Are technical indicators flashing a reversal signal?

The Relative Strength Index (RSI), at 50.37 indicated neutral momentum at press time, with a slight tilt toward bullish recovery.

Meanwhile, the moving average cross suggested potential volatility, as the short-term average approached the long-term average.

Therefore, these indicators point to a potential turning point for FTM’s price, making the upcoming days crucial for traders.

Technical indicators hinted at a potential price reversal for FTM / Source: FTM/USDT on TradingView

Liquidations suggest traders remain optimistic

Liquidation trends show $23.06K in shorts against $98.22K in longs, revealing bullish sentiment despite recent declines. This imbalance suggests that many traders are positioning for an upward price movement.

However, external market forces could still weigh on FTM’s performance. Therefore, liquidation data should be analyzed alongside other metrics for a more comprehensive view.

Liquidation trends showed optimism among traders / Source: Coinglass