Investors stockpile Fantom: Will prices see an impact?

January 2, 2024

By Dipayan Mitra

• FTM was down by more than 12% in the last seven days. 

• Buying pressure was high on FTM, but whales were selling their holdings. 

As we begin the new year, Fantom’s [FTM], one of the key metrics, flagged a buying signal. This might be the right opportunity for investors to stockpile the token before it begins a rally.

Therefore, let’s take a look at the token’s other metrics to see whether investors have actually started to accumulate more FTM.

Fantom’s accumulation is high!

Fantom investors were not in their best mood last week, as the token’s price dropped by double digits. To be precise, FTM dropped by more than 12% in the last seven days.

At the time of writing, FTM was trading at $0.4864 with a market capitalization of over $1.3 billion.

While the token’s price sank, one of the key indicators flagged a buying signal. Ali, a popular crypto analyst, recently posted a tweet mentioning FTM’s TD Sequential.

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