Fantom [FTM] surges to $0.46, but heres why the rally could halt
Fantom [FTM] rallied strongly from a zone of support the bulls established around the $0.4 mark. In the past 36 hours, the price rallied by almost 18% from the swing low at $0.4096 to the swing high at $0.467. Прочитайте ценовой прогноз Fantom [FTM] на 2023–24 годы. In other news, Fantom announced its intent to modify the requirements for validator staking on 25 March. The new proposal had significant modifications that would have noticeable consequences in the processes and requirements for validators. The resistance from the volume profile could halt the bullish advance Источник: FTM / USDT на TradingView In orange, a trendline resistance was plotted. This captured the short-term downtrend that FTM had been on. On the higher timeframe charts, this was a pullback after the rally from $0.31 to $0.52 earlier this month. Alongside the trendline resistance, the Visible Range Volume Profile showed that the Point of Control (red) also sat at $0.46. This was a confluence of resistances that could see the rally shift into a consolidation phase over the next few days. FTM traders can expect some lower timeframe ranging price action in the coming hours. Thereafter, whether a breakout upward or rejection at $0.46 followed remained to be seen. The OBV has