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Surging network activity on Fantom indicates a price rebound

FTM currently trades at 0.7934 USD, recording a 2.16% decline over 24 hours. Important levels include support at 0.7316 USD and resistance at 0.9671 USD. Exceeding the resistance could propel the price to 1.08 USD. Upcoming trading sessions will be crucial for this possibility.

Fantom’s network activity surge showcases potential growth. New addresses increased by 38.46%, while active users ROSE by 23.52% in a week. These trends imply rising engagement and long-term growth potential for FTM, should the momentum continue.

Liquidation reports reveal 23.06K USD in short versus 98.22K USD in long positions, indicating a bullish market sentiment. With RSI at 50.37, there’s a hint of bullish momentum, though external factors could influence FTM’s price, requiring diligent trade monitoring.

This is community-generated content, not advice from ONUS.
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