Fantom (FTM) Price Prediction 2023-2025: FTM Rally Driven by Retail Investors as Whales Hold Back

In the last 24 hours, FTM's price gained by 11.68% on the charts, marking a sharp recovery and positioning the asset to potentially erase its monthly losses of 30.87%.

FTM's price surged by 11.68% in 24 hours on Thursday, continuing its recovery from recent losses and setting the stage for a potential rally to $1.47.

The gains follow a breakout from a descending triangle pattern on the 4-hour chart, indicating a shift towards higher prices after an extended period of consolidation within a narrowing range.

However, the chart also showed a significant resistance level, which could lead to a slight pullback or a delay in further gains, depending on the strength of the bullish momentum.

At press time, FTM trades at $0.85 with a 73.28% potential rally to $1.47.

To evaluate whether there is sufficient momentum to fuel this rally, AMBCrypto conducted an analysis of key on-chain variables.

FTM's recent gains in both weekly and daily trading periods appear to be primarily driven by retail investors, who account for a smaller portion of the market.

This trend was supported by a 17.86% spike in the number of Active Addresses, indicating an increase in trader participation. Here, Active Addresses refer to wallet addresses involved in at least one transaction—either sending or receiving—within a specific timeframe.

The rise in active addresses, coupled with FTM's price surge, pointed to growing retail interest in the crypto asset.

In contrast, whale activity appeared to have slowed down. At the time of writing, large transactions totalled 35.86 million FTM, valued at $29.22 million – a significant decrease in volume.

A drop in transaction volume during a price rally is a sign of limited trading activity by large holders.

Should whale investors re-enter the market and increase their purchases, FTM could see a strong momentum surge. As large-volume transactions begin to rise, the influx of institutional buying pressure could drive the asset higher, bolstering its upward trajectory.

FTM's technical indicators also hinted at the possibility of a Golden Cross pattern, which usually signals the start of a rally.

A Golden Cross on the Moving Average Convergence Divergence (MACD) indicator occurs when the blue MACD line crosses above the orange Signal line. This crossover is typically used to indicate a rally in the price of an asset.

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