• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Monday, June 23, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Fantom (FTM) Battles Resistance: Can Whales Push Through?

Jordan Avery by Jordan Avery
April 24, 2024
in Fantom
Reading Time: 2 mins read
0
ftm-fantom-price
Share on TwitterShare on Facebook

Fantom (FTM) price continues to remain stuck under this resistance block that has been tested multiple times in the past. With more whale addresses joining the network, this could potentially change in the coming days.

Fantom Finds Support

Fantom’s price, trading at $0.729 at the time of writing, is again heading towards attempting a breach of the resistance block marked from $0.79 to $0.88. It failed in doing so earlier last week after recovering from the lows of $0.63.

fantom-ftm-price
Fantom GIOM. Source: IntoTheBlock

The lack of solid recovery has resulted in over 110 million FTM worth more than $82 million stuck in limbo. This supply that was bought between $0.76 and $0.87 has been awaiting profits for a while now. Once this resistance block is flipped, the $82 million worth of FTM would become profitable again. This effort is being aided by an asset’s most important investor cohort – the whales. These large wallet holders tend to move around massive quantities of the token, which influences the direction of the price action. 

Moreover, Fantom is noting a surge in the large holder addresses on the network. The addresses holding between $100,000 to $1 million worth of FTM have increased from 259 to 293. This is a 13.1% increase in the span of ten days, showing the chances of altcoin’s recovery are getting stronger.

octoblock-octo-usdc-presale

Fantom (FTM) Price Prediction

If the aforementioned indicators favor Fantom’s price, the resistance block could not only be breached but also flipped into support. This has been noted in the past, and in doing so, FTM could test $0.90 as support, opening doors towards reaching $1.00 once again.

ftm-fantom
tradingview

Meanwhile, if the price fails to break through the $1 mark and pulls back, it will likely test the support zone again. If Fantom makes a breakout of this zone, it will invalidate the bullish forecasts and the price will likely retest $0.63 as support, as the supply would lose its potential profitability. 

Tags: FantomFTMInvestor insightsMarket Trendsprice analysisprice predictionresistance blockWhales in cryptocurrency
Previous Post

Worldcoin Expands Network with WLD Token Sale Despite Market Concerns

Next Post

Twitter Memecoin Guru That Predicted WIF Surge and DOGE Recovery Now Thinks DTX Exchange Presale Will Go 10,000% Higher 

Related Posts

Can Sonic Save Fantom from Falling?
Fantom

Fantom Drops Hard Before Token Swap

January 11, 2025
Why Fantom’s Rebranding Could Spark a Massive Rally
Fantom

FTM Could See a Big Price Jump

January 7, 2025
_Fantom Community Sonic Network FTM Migration Blockchain Development Governance Voting Token Migration 1
Fantom

Fantom Foundation’s Community Approves First Sonic Proposal With 99% Support

May 23, 2024
Fantom Foundation, Sonic Network, Layer-1 Blockchain, Ethereum Bridge, Token Migration, Price Surge
Fantom

Fantom Unveils Sonic Network Plans, Will FTM Keep Soaring? 

May 21, 2024
Fantom Surge Network Upgrades Blockchain Development Technical Analysis Crypto Momentum DeFi Future 1
Fantom

Fantom (FTM) Surges 30% on Back of Ecosystem Upgrades and Favorable Market Conditions

May 17, 2024
fantom Sonic, Sonic Labs Future
Fantom

Fantom Ecosystem Flourishes: Gas Monetization Program and Developer Rewards

May 12, 2024

Press Releases

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown
News

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

by Alex Mercer
June 19, 2025

Introduction Bitcoin has seen plenty of drama over the years, but this time, even with war looming and a cyberattack...

Read more
What you will get:  Simple steps to start trading cryptocurrencies like Bitcoin and Ethereum How to choose a reliable crypto exchange with low fees and strong security Key tips to read crypto price charts and manage trading risks How to stay updated with market-moving news and practice safely before investing Introduction Cryptocurrency trading has exploded in popularity as an easy way to earn online. With simple guidance you can start trading Bitcoin Ethereum and other altcoins using your phone or computer. This guide gives clear steps for beginners. What Is Crypto Trading and How Does It Work Crypto trading is buying and selling digital currencies like Bitcoin Ethereum Cardano or Solana to make a profit. You buy when prices are low and sell when they go higher. There are two main trading types: Spot trading: You own actual coins. Derivatives trading: You trade based on price movements without owning coins. Spot trading is perfect for beginners because it’s more straightforward and less risky. Step 1 Choose a Reliable Crypto Exchange Select a trusted crypto exchange. Popular beginner-friendly options: Binance: Low fees and many altcoins Coinbase: Easy for beginners with strong security Kraken: Great support and euro compatibility Bybit: Simple interface with spot and futures Look for: Easy sign up and verification Strong security (2FA, cold storage) Low trading fees and fast euro or fiat deposits Wide selection of coins and high volume Step 2 Learn Crypto Chart Reading Reading price charts will improve your crypto trading success. Key concepts: Trend lines: Overall up or down movements Support levels: Prices where value tends to bounce up Resistance levels: Prices where value tends to slow or reverse Start with basic charts like candlestick charts. Many platforms like Binance and Kraken offer built-in guides. Step 3 Manage Risk and Use Stop Losses Crypto prices are very volatile and can change fast. Protect your investment by: Investing only what you can afford to lose Using stop-loss orders to sell automatically at a set lower price Not risking more than 1–2% of your portfolio on any trade This risk management helps you stay in the game long term. Step 4 Stay Updated with Real-Time Crypto News Crypto markets respond instantly to news. Use reliable sources like Vr Soldier, CoinDesk, CoinTelegraph and The Block. Track: Bitcoin ETF decisions New coin listings on exchanges Regulatory changes Major partnerships and developments Following crypto news helps you predict good entry and exit points. Step 5 Use Demo Accounts to Practice Many exchanges like Binance and Bybit offer demo accounts or testnets. Practice trading with virtual money first. This helps you learn: How orders work Chart reading in real time Trading fees and order types Once you feel confident, move to small real trades. Final Simple Tips for New Crypto Traders Start with well-known coins like Bitcoin Ethereum Avoid chasing hype or FOMO (Fear Of Missing Out) Keep a basic trading journal or spreadsheet Learn from both wins and losses Crypto Trading Basics for Long Term Profit

Crypto Trading Basics for Long Term Profit

June 16, 2025
$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

June 14, 2025
Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

June 6, 2025
Binance Beats SEC—Crypto Cheers the Legal Victory

Binance Beats SEC—Crypto Cheers the Legal Victory

June 2, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier