FTM Technical Analysis: FTM Sellers At $1.85 Struggle To Avoid Breakout

FTM coin price shows the overnight bullish growth struggling to rise above the 200-day EMA. However, the increased buying pressure aims to reach $2. The FTM buyers stepped in at $1.30, resulting in a lower price rejection of 13% and a bullish continuation with an engulfing candle of 15%. However, the sudden rise of uptrend struggles to rise above the resistance confluence of $1.85 and the 200-day EMA. Will the increased trend momentum overcome sellers to reach the $2 mark? Key technical points: FTM price shows an overnight growth of 15% The bullish growth tests the 200-day EMA The 24-hour trading volume in the Fantom token is $1.33 Billion, indicating a 12% fall. Past Performance of FTM On 20th February, the FTM coin price fell 7.58% as it broke below the 200-day EMA and $1.85. The downtrend continued to reach the $1.30 mark, but the sudden jump in underlying bullishness resulted in a long tail formation. Moreover, the bullish rally continues to jump 15% in a day, creating a bullish engulfing candlestick. Source-Tradingview FTM Technical Analysis The FTM coin price struggles to rise above $1.85 and shows higher price rejection, with the daily candle showing a 1.62% fall with 17 hours left on the clock. However, a bullish continuation is possible as the hours go by due to the increased buying pressure. The FTM price retraces higher to test the 200-day EMA but struggles to rise above it as the sellers resurface. On the other han...