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Fantom’s 5-week winning streak is in danger — Will FTM price lose 35%?

Published 02/05/2023, 03:20 AM
Updated 02/05/2023, 05:00 AM

The price of Fantom (FTM) risks pulling back in February due to a growing divergence between its price and momentum in recent weeks.

FTM’s price has grown by 230% in the past five weeks, trading at $0.61 on Feb. 5. The rally came as a part of a broader crypto market recovery but outperformed most top-ranking crypto assets due to the hype created by Andre Cronje.

FTM/USD weekly price chart. Source: TradingView
FTM/USD daily price chart featuring bearish divergence. Source: TradingView
FTM/USD daily price chart. Source: TradingView

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