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What these signs indicate about Fantom crossing the $2-mark
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Fantom has had a stellar performance over the last month after witnessing a period of stagnation in mid-September. A near 100% hike in valuation during the second week of October accelerated FTM’s performance as the alt smashed past the $2-mark and set new records.
However, as FTM overcame new milestones each week, some signs of exhaustion were beginning to catch up to the alt’s current bull run.
Bearish divergences along the RSI and an unfavorable crossover on the MACD suggested that FTM could take a step back before commencing the next upwards run. At the time of writing, FTM traded at $2.32, down by 6.2% over the last 24 hours.
Source: FTM/USD, TradingView
A few market uncertainties were creeping into the market after Fantom was unable to
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