Data from the intelligence platform Santiment showed that FTM’s network growth did witness a rise since the beginning of June. Although at press time, the network growth stood at 184, it did witness a drop from the highs of 394 over the last two days. This wasn’t a great sign for the network.
Furthermore, FTM’s development activity rested at 0.964. The good news with the development activity was that it witnessed a rise from the lows it saw at the end of June. Another metric that did witness some improvement was FTM’s weighted sentiment . Although at press time FTM’s weighted sentiment stood at -0.852, it was an uphill climb from the -1.46 it saw on 12 June. A rise in the weighted sentiment indicated that the market’s sentiment was turning in favor of the altcoin.A look at FTM’s price action showed that the bulls were in favor of the altcoin. This was because although FTM traded 1.22% lower than its opening price, FTM’s indicators favored a positive movement. At the time of writing, FTM’s Relative Strength Index stood at 56.02.
This indicated some buying pressure in the market. However, the titled position of the RSI could mean that FTM’s RSI could see some selling pressure as well. Furthermore, The Moving Average Convergence Divergence moved above the zero line at press time. The good news was that the MACD line was moving above the signal line . This was a strong bullish indication.Furthermore, the Chaikin Money Flow too stood at 0.17.
, FTM’s seven-day performance only saw the token surge by 1.24%. Furthermore, over the last 24 hours, FTM’s price dropped by 0.76%.