Phantom (FTM) gains price strength from bullish market trends

Fantom (FTM) has been attracting a lot of attention as one of the top gainers of the day, with its value up 133.04% in the last 30 days. ADX climbing sharply to 35.6 indicates that this impressive advance is supported by a strengthening trend, indicating strong momentum behind the high.

As of November 25, large catches increased from 69 to 79 whale stocks, further demonstrating confidence in FTM's capabilities.

Fantom Current Trend is strong.

The ADX for Fantom rose to 35.6, from the previous day's 28, indicating a strengthening trend in the market. The increase suggests that the impetus behind FTM's price action is growing and that the trend is strengthening.

This upward movement in the ADX reflects heightened market participation and confidence, which reinforces the idea that FTM is at a critical phase in its trend, which may be based on recent price behavior.

The ADX measures the strength of a trend, with readings above 25 indicating a strong trend. At 35.6, the FTM ADX confirms a strong trend, which is strong evidence that the current uptrend has high momentum.

This ADX level indicates that the trend is well-established and likely to continue, making it a useful signal for traders looking to take advantage of sustained price action.

Whales constantly collect FTM

The number of FTM whales increased to 79 from 69 on November 25, a significant increase in large catches. This growth reflects increased demand and inventory from those with higher purchasing power.

Such a trend in whaling activity is often an alarming sign, as large owners can influence the market.

Whale watching is important because these large owners often have the resources and insights to shape market trends. An increase in whales generally indicates hoarding, which reduces selling pressure and creates the basis for price growth.

The recent increase in FTM whales may indicate an upcoming price increase. That's because ongoing demand and buying activity can lead to shortages and high demand, which has a positive impact on FTM prices.

Phantom Price Prediction: Can FTM Reach $1.50 in December?

Phantom has reached its highest price since March 2022, up 28.39% in the past seven days. If this advance continues, it is set to test resistance levels at $1.40 and $1.50, which could lead to another 15% advance.

Recent performance highlights strong bullish sentiment and market demand, supported by steady price action.

On the upside, if the current trend reverses, Phantom price could revisit key support levels at $1.12 and $0.98.

These levels serve as critical areas to look for buying interest or stabilization, as a breach below them indicates further bearish pressure.