Fantom Outperforms Bearish Trend: Fantom (FTM) has shown positive growth over the past 24 hours. This indicates its strong momentum to surpass the declining trend of the cryptocurrency market. The ADX surged to 47, a move suggesting that the current trend’s strength is high and may push FTM’s price higher in the near future.

EMA models Enhance Signals: FTM’s EMA lines maintain an upward trend with FTM trading above all these levels. This indicates a continued recovery towards the resistance at 1.22 USD. If a reversal occurs, FTM might test key support levels at 0.77 USD or 0.35 USD during a deep correction.

Impact of Whale Behavior: Whales temporarily paused FTM accumulation following a burst of activity earlier this month. The number of wallets holding 1,000,000 to 10,000,000 FTM rose from 69 to 74, indicating increased confidence among major holders. From November 21st, these wallet numbers have stabilized, varying between 72 and 74.

Upward Trend Reinforced: FTM’s EMA model still indicates an upward trend, with short-term lines above long-term ones and prices trading above all those levels. This suggests FTM could continue its strong recovery if no unexpected market factors negatively impact.