
FTM Soars 20% After Clearing a Key Fair Value Gap
Fantom’s (FTM) price has experienced a strong bullish momentum, surging by over 20% in less than 48 hours. This surge follows the altcoin’s breakout from a critical Fair Value Gap (FVG) around $0.435, setting the stage for further gains.
Whale Accumulation Signals Further Gains
On-chain data suggests that whales are making significant moves in the FTM market. According to IntoTheBlock data:
- Large transactions have surged by 194% in the last 24 hours.
- Major investors are accumulating FTM at discounted price levels.
Historically, increased whale activity has been a precursor to significant price movements. If this trend persists, FTM could sustain its bullish momentum.
MVRV Ratio Suggests FTM Is Undervalued
According to Santiment data, Fantom’s MVRV (Market Value to Realized Value) ratio currently sits at -100%. A negative MVRV ratio often signals undervaluation, indicating that many FTM investors are holding at a loss.
Such conditions typically create a favorable buying opportunity, as investors may accumulate at lower prices in anticipation of a price recovery.
Is FTM Ready for a Bigger Breakout?
Fantom’s recent rally suggests that bullish sentiment is strengthening. Key factors contributing to this uptrend include:
- A breakout from a critical Fair Value Gap.
- Increased whale accumulation.
- A favorable MVRV ratio indicating undervaluation.
With buyers stepping in, FTM could target higher resistance zones in the coming days, continuing its recovery from recent market dips.
As market dynamics remain favorable, traders and investors will be watching closely to see if Fantom can maintain its bullish momentum.